South American meal premiums strengthen amid harvest delays, short covering

Port premiums for South American soybean meal have been strengthening in recent weeks, contrasting with an expected period of seasonal pressure, as harvest obstacles in Argentina and a round of short covering in Brazil push premiums higher. Platts, part of S&P Global Energy, on April 7 assessed the basis for Argentine soybean meal FOB Up River for May delivery at $3/short ton above the benchmarkPort premiums for South American soybean meal have been strengthening in recent weeks, contrasting with an expected period of seasonal pressure, as harvest obstacles in Argentina and a round of short covering in Brazil push premiums higher. Platts, part of S&P Global Energy, on April 7 assessed the basis for Argentine soybean meal FOB Up River for May delivery at $3/short ton above the benchmarkRead More