Soymeal Prices on the Rise Demand for soymeal and soyoil is robust, but the soybean supply is limited and slow. The government of India’s (GOI’s) first advance estimates in September 2017 put soybean production at 12.217 MMT. However, the trade’s estimate was much lower at 8.5-9.2 MMT. With farmers gradually releasing their stocks in the market, prices have tended to move up as they anticipated. This trend is reflected in the soymeal prices, which also continue to rise. Meanwhile, soyoil prices in the market have remained stable since imposition of the vegoil duty, and they are likely to remain so.
The trade also expects soybean prices to remain steady at current levels as stocks are sufficient and may not crea...
What You Need to Know Today: Crude oil prices extended their rally today, supported by several developments, including escalating Houthi attacks on Saudi Arabian oil infrastructure and growing concerns about supply disruptions. The Trump administration is reportedly preparing to remove 50 perc...
Regional News Dry weather across the UK and Europe is becoming increasingly concerning for the 2027 crops as planting intentions are lowered amid dry soil conditions. Delayed sowing or establishment under adverse conditions could leave crops more vulnerable to frost/freeze events and dise...
