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Brazilian soybean meal prices fell sharply on Oct. 26, down 14.22 dollars per metric ton in one day.
The drop was the largest one-day decline since April, amid plentiful supplies in Brazil and Argentina.
Ample South American crush supplies push soybean meal values lower, easing feed protein costs for buyers. The decline reflects supply pressure rather than a new disruption.
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.