Opinion
As we say goodbye to October, colder weather is setting in just as the markets could be warming up. More than a few analysts are pointing to soy meal as a driver of the sustained rally we’ve seen in the grain markets recently, but the move is now beyond “rational levels”. With an increase in price of 30% in just one month to almost $400 per short ton, supply and demand factors don’t really justify the current levels (i.e. the fundamental glove doesn’t fit). Combined with precariously tight ending stocks, the behind-schedule U.S. soybean harvest has created problems for some…
Register to continue reading
Join the RealAg Community
Create a FREE account to access exclusive content, get access to invite-only webinars and, while supplies last, we’ll send you a RealAg hat!
- Focus your experience on RealAgriculture.com by managing your shortcuts and commodities
- Favourite articles to save for later reading
- Manage your newsletter subscriptions
- Comment on articles (restricted to members only)
- Did we mention the free RealAg hat?!
Please register to read and comment.