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Donau Soja forecasts European soybean output at 9.4 million tonnes for 2021, up 4.5% from 2020, with average yield slightly lower at 2.17 t/ha. Ukraine's harvest is complete at 3.32 million tonnes, and the largest gains are expected in Ukraine and European Russia.
Larger European soybean supply eases demand for imported soybeans and meal, but the group expects softer demand for non-GM meal, which could weigh on non-GM meal prices.
agnavigator.comJane ByrneNov 26, 2021After 399 past bearish report events, SBM moved a median -0.4% over 5 sessions (44% higher; middle half -2.4% to +1.2%), and -1.0% over 20.
After 788 past bearish report events, SOY moved a median -0.3% over 5 sessions (47% higher; middle half -2.0% to +1.5%), and -0.9% 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.
