Strength In Soymeal

I don't usually focus on outrights but soymeal has come up on my radar.

Soymeal values worldwide are being boosted by poor availability in Argentina, the top exporter, where farmers are hanging on to soybeans, as a hedge against buoyant inflation and a falling peso.

My personal indicators are showing solid strength and as a bonus we also have a seasonal window.

I don't put as much weight in the outrights in terms of their seasonality but it's nice to have.

I'm very interested to see how this one trades on Tuesday. For now it's one to watch.