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Adverse summer growing conditions likely reduced the protein content of the US soybean crop. Crushing plants are expected to produce soymeal for feed with lower protein than usual.
Lower protein in soymeal means buyers may need more meal or supplemental protein to hit formulation targets, which can firm meal prices and widen the premium for high-protein alternatives.
iowafarmbureau.comNov 27, 2017After 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.
After 49 past bearish weather events, Soybean Oil moved a median -0.5% over 5 sessions (43% higher; middle half -3.2% to +1.0%), and -0.3% over 20.
After 324 past neutral weather events, Soybeans moved a median +0.0% over 5 sessions (52% higher; middle half -1.4% to +1.7%), and +0.7% 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.
