Supplies remain tight in soybean oil and meal

Too often all of us get caught up looking at the overall structure instead of diving into the details. And it’s those details that can sometimes illustrate why a situation might not be what it appears to be on the surface.

That brings us to the two key ingredients in the oilseed complex: vegetable oils and protein meals. On the chart, you can see the stocks/use ratio for all vegetable oils; 10.01 percent is the tightest it has...

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