Soy Milk plant based alternative
Soybean futures were up by 5 to 13 1/4 cents at midday. November was up by an additional 20 cents earlier in the midweek trade. Soy oil prices are triple digits stronger with 2.5% gains so far. Meal futures are fading through Wednesday, though losses are limited to $2.20/ton so far.Â
Safras and Mercado released their initial estimates for Brazil’s 2023/24 production, showing 45m HA (+2.5%) of area producing 163.2 MMT.Â
Aug 23 Soybeans  closed at $14.97 1/2, up 5 1/2 cents,
Nearby Cash  was $14.89 5/8, up 1 1/4 cents,
Sep 23 Soybeans  closed at $14.31 1/4, up 12 1/2 cents,
Jan 24 Soybeans  closed at $14.13, up 12 cents,
On the date of publication, Alan Brugler did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
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