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International soybean complex prices rose last week on stronger external demand for US and Brazilian soybeans and derivatives. Uncertainty over soymeal and soyoil export volumes from Argentina and low Northern Hemisphere rainfall also supported values.
Expected tightness in Argentine meal and oil supplies and dryness-related yield concerns support higher soymeal and soyoil prices, raising feed protein costs for buyers.
revistacultivar.comAug 15, 2022After 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 342 past bullish trade events, Soybean Meal moved a median +0.1% over 5 sessions (51% higher; middle half -1.1% to +2.6%), and +0.6% over 20.
After 224 past bullish trade events, Soybean Oil moved a median +0.4% over 5 sessions (54% higher; middle half -1.5% to +2.1%), 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.
