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March soymeal rose $10.40 to $363.60 per short ton, a four-month closing high, on talk of potential U.S. lysine shortages and unconfirmed reports China may halt lysine exports. Soyoil fell to its lowest settlement since late September, while corn lagged and winter wheat extended its rally.
A lysine shortage would push livestock feed formulators toward more soymeal, supporting meal prices. Soyoil weakness may ease vegetable oil supply pressure.
profarmer.comPro Farmer EditorsNov 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.
Nov 15 report: soymeal rose to a four-month closing high on talk of US lysine shortages and possible Chinese lysine export halt, raising meal's appeal as a feed substitute - directly matches the move date.
