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German GMO-free soybean meal prices fell about 9 percent since late April, to around EUR 466 per tonne, while rapeseed meal held near EUR 211. The price spread between the two narrowed sharply, dropping below EUR 3.30 per tonne, the lowest since May 2016.
Rising South American GMO-free soybean supply has eroded rapeseed meal's price advantage in German compound feed, reducing its appeal to feed buyers and pressuring rapeseed meal demand.
biofuelsdigest.comJim LaneJun 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.
