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UFOP reports European asking prices for conventional soybean meal have fallen sharply, with 48% protein meal down 18% year to date to EUR 296 per tonne, the lowest since April 2016. 44% protein meal fell over 19% in six months to EUR 270 per tonne.
Excess South American soybean supply is pulling meal prices lower, which eases feed costs for European buyers but signals weak global protein demand pressure on soybean products.
biofuelsdigest.comadminJul 8, 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.
