Large expected U.S. production numbers are putting pressure on prices as large yields are being seen as we get through harvest. However, forecasted tight stocks out of the rest of the world will keep a floor with potential to push prices up mid to long term if any export barriers are put up. The uncertainty […]
Supply concerns steaming from the floods in Southern Brazil have dissipated as clarity the production impact solidifies. Forecasted production puts the world balance sheet supplied solidly over the 5 year average suggesting continued falling prices post weather season. Non-commercial participants continue to increase thier short on pace to return to thier positions pre-Brazil floods. While […]
Soybean Oil looks to be lined up for downward pressure. Prices have been relatively range bound YTD. Both U.S. and World Stocks to Use numbers are at or above the 5 year average despite the expected bump in domestic Biodiesel demand. Forward Board Crush averages well above $1/bushel insuring the vegoil processing will target maximum […]