Why CME soymeal usually in backwardation while bean in contango?

lx008 · Apr 2, 2015

Why CME soymeal usually in backwardation while bean in contango ?

TraDaToR · Apr 2, 2015

I guess it is not indefinitely stockable like soyoil and in greater demand in general.

lx008 · Apr 2, 2015

Thanks, seems the USDA always puts ending stock of soymeal in quite a small number