
August soybean meal futures rallied $85 per short ton as the contract entered delivery and caught up with higher physical prices. US crush expansion has been absorbed domestically, while Brazil has supplied much of the growth in global meal exports.
Limited US meal exports and Argentine shortfalls keep global meal supplies tight, supporting prices for feed buyers. Stronger European import demand could add to that pull.
Setelah 342 peristiwa perdagangan bullish sebelumnya, Bungkil Kedelai bergerak median +0,1% selama 5 sesi (51% lebih tinggi; separuh tengah -1,1% sampai +2,6%), dan +0,6% 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.
The $85 delivery rally in August meal futures lifted the front-month price artificially, setting up a sharp reversal once the contract rolled off.