Export market for Soybean Oil in United States (12월, 2022)

Soybean futures have surged due to increased concern over crop damage in Argentina caused by hot and dry weather, despite some upcoming rainfall. However, Grain futures remained relatively stable as dry conditions persisted in the southern plains of the US, with over 86% of Kansas and 90% of Oklahoma still suffering from drought conditions. This lack of rainfall, especially in southwest Kansas and parts of Oklahoma and Texas, is affecting the production of wheat and other crops. Despite this, wheat futures have seen a slight decrease, while soybean futures for January delivery have increased to $15.29 ¾ a bushel, and soybean meal and oil futures have also seen price increases.