Laden…
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.
czapp.comWalter Cronin5 aug 2022Na 342 eerdere opwaarts handel-gebeurtenissen bewoog Sojaschroot zich mediaan +0,1% over 5 sessies (51% hoger; middelste helft -1,1% tot +2,6%), en +0,6% over 20.
Bewegingen van de benchmark van elke grondstof sinds de laatste slotkoers vóór de gebeurtenis. Historische waarden bundelen eerdere gebeurtenissen van hetzelfde soort; ze beschrijven wat er gebeurde, niet wat zal gebeuren. Geen beleggingsadvies.
The $85 delivery rally in August meal futures lifted the front-month price artificially, setting up a sharp reversal once the contract rolled off.
