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Palindrome, Inc. announced a soybean processing plant and grain aggregation facility at the Pemiscot County Port Authority in Caruthersville, Missouri, creating 63 jobs. The plant will source high-oleic soybeans developed through University of Missouri and USDA research.
A new crush and aggregation site on the Mississippi adds local soybean demand and may lift regional premiums, though its scale is modest relative to national supply.
farmprogress.comBrad RobbSep 11, 2018After 696 past bullish trade events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.3% to +1.9%), and +0.7% over 20.
After 81 past neutral trade events, Soybean Oil moved a median +0.3% over 5 sessions (56% higher; middle half -1.6% to +1.8%), and +0.9% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
