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Ukrainian soybean purchase prices fell by $10-15 per tonne to $410-440 as shipping delays at Black Sea ports and weaker export demand weighed on the market. Global soybean and meal prices also slipped after speculative gains ended, with rains in Argentina and faster Brazilian harvesting.
Ukraine has exported 1.6 million tonnes of soybeans since September, 58% more than last year.
Weaker Black Sea export demand and a record Brazilian harvest add pressure on soybean and meal prices, while Ukraine's remaining supply of about 1 million tonnes is harder to sell.
ukragroconsult.comFeb 3, 2023After 803 past bearish trade events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.7%), and +0.9% over 20.
After 384 past bearish trade events, Soybean Meal moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and -0.5% over 20.
Not enough comparable past events yet for a historical read.
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.
