Walter Cronin, our president and co-founder, highlights in his most recent report that the U.S. soybean meal market is in full supply panic mode.
By Walter Cronin, Oct. 30. 2023
The U.S. soybean meal market is in full supply panic mode (akin to Taylor Swift concert tickets) and yet the U.S. soybean processing industry operated at a record run rate in September.
Executives of publicly listed oilseed processing behemoths painted bullish pictures for U.S. soybean processing margins for the future in their recent earnings calls yet analysts remained concerned about announced 2025 and 2026 production capacity growth.
What one word is missing from the conversation? I detail it in my essay.