During the week of Nov. 2–8, soybean meal and soybean prices fell as expectations of higher interest rates, a weaker Brazilian real, an increased U.S. soybean yield forecast, and harvest progress weighed on the market.
Chinese corn prices rose amid snow-related transport disruption and farmer reluctance to sell, while record-high fishmeal prices reflected lower Peruvian supply and tight port stocks; hog prices fell to a new low. The report also noted declines in methionine and vitamin E prices and a rise in dicalcium phosphate costs.
Transport bottlenecks and farmer withholding tightened near-term Chinese corn availability, supporting prices, but open import economics and high inventories could cap gains. Weaker soybeans and meal point to lower feed-ingredient costs, while reduced Peruvian fishmeal supply tightens that market and raises 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.
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.