Soymeal Rumors

latest Soy meal Rumors:

  • While short on specifics, the chatter from the cash trenches continues to be a major commercial with assets in Europe being caught short physical soy meal thanks to delays in harvest and quality from Argentina.”
  • Option Firm named Optiver    blown out in Soymeal trades
  • Soy meal processing plant still down due to part malfunction
  • Argentina soy crop closer to 52 million and not the 56 million they are reporting.

Some truth in there along with just rumors to make an excuse for price action.Soy meal Calendar spread N/Z another new contract highs.Outright july meal another contract and 19 month highs.Soy crush spread also another multi month high overnight.But outright Soy  relatively tame compared to meal,July beans have made a new contract high but after a sideways trade and Soy Calendar n/x has yet to trade above last weeks highs. new crop trade much less affected.

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