
Prices for soybean meal and soybean oil weakened in Brazil in early November, squeezing processors’ crushing margins, according to Cepea/Esalq-USP. The article attributes the declines to subdued buying by animal nutrition, biodiesel and food-refining businesses, which have comfortable supply contracts and inventories; Northern Hemisphere harvest arrivals also increased global soybean availability and competition.
Slower demand for meal and oil reduces processors’ willingness to buy soybeans, while greater global availability adds pressure to soybean prices. Weaker meal and oil values also directly weigh on soybean meal and soybean oil prices.
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.