Soybean Meal Prices Slip but Crush Remain Robust

Soybean meal prices continue to trade under pressure in tandem with the entire soybean complex. Trade tariffs and the expectations of a bumper harvest are pressuring prices which have tumbled 19% since the beginning of May. The introduction of tariffs might have been the catalyst that started the drop, but hedge funds have pounced on the opportunity, switching their bets to lower soybean prices and altering…