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Barchart's Darin Newsom discussed corn, wheat and soybean markets on a May 3 interview. Strong soymeal demand and an inverted meal forward curve drove soybean gains, with domestic crush demand adding pressure on soybean oil.
South American weather was cited as a key concern.
Strong crush demand increases meal output and supports meal prices while pressuring soybean oil. The interview describes existing moves rather than a new supply shock.
barchart.comDarin NewsomMay 3, 2024Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
Strong meal demand and an inverted forward curve signaled tight nearby supply, supporting meal gains and sentiment.
Strong meal demand and an inverted forward curve signaled tight nearby supply driving gains.
Strong soymeal demand and an inverted meal curve drove soybean gains, with South American weather as a key concern.
Strong meal demand and an inverted forward curve drove gains, with South American weather concern.
