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 […]