Why CME soymeal usually in backwardation while bean in contango?

Discussion in 'Commodity Futures' started by lx008, Apr 2, 2015.

  1. lx008

    lx008

    Why CME soymeal usually in backwardation while bean in contango ?
     
  2. TraDaToR

    TraDaToR

    I guess it is not indefinitely stockable like soyoil and in greater demand in general.
     
    Vyki likes this.
  3. lx008

    lx008

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