Feed Market Brief Nov 5: Ingredients Firm, Formulas Cheaper Before WASDE
Corn, soybeans and soybean meal edged up even as crude fell, while least-cost template feed formulas remain 3-6% cheaper over four weeks. China purchase headlines and Black Sea shipping are the swing factors before the Nov 10 WASDE.
· Feedsoft Markets Desk
TRASCRIZIONE
Crude fell. Feed ingredients didn't.. Corn rose 0.4%, soybeans 1.0% and soybean meal 0.5% today, even as crude slid after the US midterm results and hopes of an end to the Iran conflict.
Still cheaper than four weeks ago. Least-cost template feed formulas are 3-6% cheaper over four weeks. Corn is $210.03/mt, in the lower quarter of its 52-week range.
Soybean meal alternatives aren't cheap. Soybean meal is $393.43/mt, mid-range. Canola meal, fishmeal and DDGS are all near 52-week highs, so the alternatives cost real money too.
Next test: WASDE on Nov 10. China purchase headlines and Black Sea shipping news are the main swing factors before the USDA report. Check the full brief for the details.
Leggi l'analisi completa: feedsoft.ai/brief/2026-11-05
Guarda e condividi su YouTube Shorts
Informazioni di mercato, non consulenza di investimento.