TREE NEWS reports: Galaxy Securities said a super El Niño has formed and expects soybean meal, rapeseed meal, the three major edible oils and sugar to trend stronger in the near term, while corn, hogs and cotton trade sideways. The brokerage cited weather premium from the event, a phase of domestic supply tightness in soybean meal, and firmer crude oil supporting biodiesel demand for vegetable oils.
Galaxy Securities: Super El Niño to Lift Soybean Meal, Rapeseed Meal, Oils, Sugar
AI take
This is a weather-driven call that matters most for agricultural futures and the RWA-linked commodity products tracking them, since a super El Niño shifts the risk premium across softs and meals rather than the whole ag complex. The split matters: corn, hogs and cotton are seen range-bound, so the signal is selective, not a broad farm-sector bid. The open question is whether the weather premium persists once the domestic soybean meal supply tightness eases and crude's support for biodiesel demand fades.
Generated by AI for reference only.
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