South American soybean meal prices drop to four-year lows

Soybean meal FOB prices in South American markets fell to their lowest levels in over four years, driven by declining Chicago Board of Trade futures, robust crushing rates and expectations of bump crops in the region. On Nov. 14, Platts assessed the Brazilian FOB Paranaguá soybean meal outright price at $322.42/mt and the Argentinian FOB … Continue reading South American soybean meal prices drop to four-year lows