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Soybean crushing margins have widened to around $1.60 a bushel following a recent soybean meal rally, encouraging plants to run near capacity. USDA projects a record 2017/18 total crush of 1.950 billion bushels, with a possibility of a further increase limited by physical capacity.
Soybean exports have potential to fall further.
Strong crush margins boost demand for soybeans and increase meal and oil output, supporting soybean complex prices while tighter export demand could weigh on the balance.
mckeany-flavell.comMar 1, 2018Not 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.
