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...
Key Market Insights The broad market is locked in on this week’s Trump-Xi meeting in Beijing, but this is no longer just a trade summit. Increasingly, the meeting is becoming tied directly to Iran, energy security, and the growing global economic fallout from disruptions through the Strai...
