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A Seeking Alpha analysis says soybeans rallied on crush demand and dry conditions in Argentina, and that soybean meal has moved higher. The article notes that global inventories are high after several bumper crops, so weather will determine the next price direction.
Soymeal strength on Argentine dryness and crush demand raises feed protein costs, though high carryover limits the upside unless the weather worsens.
seekingalpha.comAndrew HechtMar 1, 2018Not 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.
