
July soybean meal closed up $6.80 at $432.90 in the week ended May 12, 2023, despite July soybeans hitting their lowest close since August 2022 and July soybean oil falling below 50 cents. Meal prices held up on Argentina's drought, as the Rosario exchange cut its Argentine soybean crop estimate to 21.5 mmt, the smallest in 23 years.
Argentina's drought-reduced crush supply supports meal prices even as soybeans and oil weaken, so feed buyers face firmer meal costs despite the broader grain selloff.
Setelah 453 peristiwa cuaca bullish sebelumnya, Bungkil Kedelai bergerak median +0,5% selama 5 sesi (55% lebih tinggi; separuh tengah -1,6% sampai +2,7%), dan +0,5% selama 20 sesi.
Setelah 363 peristiwa cuaca bearish sebelumnya, Kedelai bergerak median -0,6% selama 5 sesi (42% lebih tinggi; separuh tengah -2,5% sampai +1,1%), dan -0,2% selama 20 sesi.
Setelah 49 peristiwa cuaca bearish sebelumnya, Minyak Kedelai bergerak median -0,5% selama 5 sesi (43% lebih tinggi; separuh tengah -3,2% sampai +1,0%), dan -0,3% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.
July soybean oil fell below 50 cents in the week ended May 12 as soybeans hit their lowest close since August 2022, confirming the weakness in the move window.
July soybeans hit their lowest close since August 2022 in the week to May 12 despite meal support from Argentina's drought.