Soymeal Seasonal Chart
|Soybean Meal (CBOT): (High: May-Jun//Low: Feb or Aug) With new demand as winter feed supplement exhausted, soymeal leads complex down into “February Break.” Market then joins spring rally as US is primary source of global supply. By late June, new US crop is planted and market faces intense competition from new Brazilian supplies. With new crop discounted, market bounces as crushing facilities shut down for August maintenance. By October 1, consumption rises into winter.|
|Charts courtesy of Moore Research Center, Inc.|
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