Soybean oil quotes rose again in March, while beans and meal fell in Kazakhstan

Published 2021년 4월 16일

Tridge summary

In March, the derivatives market saw mixed price movements in soybean segment stocks from the previous month. While soybean quotes remained largely unchanged, soybean meal quotes experienced a further decline, and soybean oil quotes continued their upward trend, reaching a peak during the 2020-2021 period. However, towards the end of the month, soybean quotes and soybean meal quotes experienced slight recoveries, while soybean oil quotes saw a significant drop. For the month of March, soybean quotes fell by 0.2%, meal quotes dropped by 2.7%, and oil quotes rose by 4.4%. This follows a trend of fluctuating prices for soybean products since their record highs at the end of 2020, with soybean oil quotes leading the growth.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In March, on the derivatives market of the soybean segment, stock positions diverged in different price directions, as well as in February. Quotes of soybeans, after rising last month, practically stuck in place, losing only a couple of tenths of a percent. Soybean meal quotes dropped again and even strengthened the dynamics of the fall. Only soybean oil quotes continue to grow. After a significant increase in February, which exceeded ten percent, the oil rose again, but not so much, almost two times less than the day before. As of March 12, soybean oil was at its peak in the period 2020-2021. In March, quotations of the soybean segment continue to move at the February rate. Soybean quotes ripple through the fall and rise, but still make their way up. Over the three weeks of March, they rose again, but at a lower dynamics than it was in February. Quotations of soybean meal, on the contrary, continued to fall for two weeks in a row, but by March 19 they slightly recovered their ...
Source: Kazakh-zerno

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