Loading…
Protein markets rallied in early February on Argentine soybean drought and tight North American logistics after record snowfall and frozen waterways. Speculative funds unwound a large short position, pushing prices higher.
UK soya prices rose about £20 per tonne since the start of the year.
Argentine drought and US logistics disruption tighten nearby soybean and soymeal supplies, supporting protein feed prices.
farminglife.comThe NewsroomFeb 5, 2018After 1,079 past bullish weather events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.0%), and +0.9% over 20.
After 453 past bullish weather events, Soybean Meal moved a median +0.5% over 5 sessions (55% higher; middle half -1.6% to +2.7%), and +0.5% 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.
