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The IGC reported oilseed markets were balanced, with Brazilian offers gaining on weather-delayed fieldwork while Argentine offers eased slightly. US soybean futures rose marginally on a mildly bullish WASDE and firmer international demand, while ICE canola gained 3% and MATIF rapeseed fell 1%.
Balanced supply and steady prices with weather as the main swing factor suggest limited near-term direction for oilseed meal costs for feed buyers.
world-grain.comChris LyddonDec 18, 2017Not 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.
