Loading…
Indian soybean meal exports fell 74% in the 2015/16 marketing season ending March 31, to 387,297 tonnes. Indian meal was priced above world market offers after domestic soybean production dropped, so South American supplies won share in key buyers such as Sri Lanka, Indonesia, Japan and Taiwan.
Lower Indian exports reduce global soymeal supply in the short term, while competitive South American offers keep world meal prices anchored.
zmp.deApr 18, 2016After 342 past bullish trade events, Soybean Meal moved a median +0.1% over 5 sessions (51% higher; middle half -1.1% to +2.6%), and +0.6% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
