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Soybeans gained on business confirmations, higher crush numbers and reports that China had entered the market. Soymeal rallied off its lows as funds moved from short to long, while talk of lysine shortages raised interest in meal and corn as feed substitutes.
Lysine shortages could push pig and poultry rations toward more soymeal and corn, supporting feed demand. Robust crush margins keep meal supply tight and support bean prices.
agoptimus.comNov 16, 2021agoptimus.comNov 16, 2021Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not 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.
Describes Nov 15 trading: soymeal rallied as funds shifted from short to long and lysine shortage talk boosted meal and corn demand as feed substitutes, plus crush and China buying support.
