Fundamentals for oilseeds remain strong
Last week, we outlined the constructive structure for soybean supplies in the four major exporters. What is often lost on many, and especially the farm community, is the structure of the two products: vegetable oils and protein meals.
Last winter, it was the strength in vegetable oil prices, palm oil’s in particular, that triggered the price rally culminating with $12 soybeans last June.
On the accompanying graphic, you see...
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