02.
11.23
10:17

Soybean meal weaker - beans are too high

Soybean prices rose yesterday. In particular, the slow sowing in Brazil is supporting the soy market. Although the soils generally benefit from the rainfall, they significantly hinder sowing. According to AgRual, 40 percent of the planned areas have currently been ordered. Last year at this point it was already 46 percent. The analysis house Stone Soybean meal was weaker yesterday, and soybean oil also trended weaker. Pressure also came from the crude oil markets. WTI and Brent have recently fallen further. Palm oil has also been weaker recently, although there was marginal growth yesterday.

Source
VR AGRICULTURE
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