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European corn and soybean meal prices are near record highs, with Netherlands FOB soybean meal assessed at €379/mt and Spain ex-works corn at €245/mt on Aug. 26.
Market participants cite European heatwaves, escalating Russia-Ukraine conflict disrupting Ukrainian supplies, and weaker Brazilian crush margins. Spain is relying more on Brazil and the US for corn.
Tighter Black Sea logistics and heat-related crop losses push European feed import demand toward Brazilian and US origins, supporting corn and meal premiums and keeping feed costs elevated for buyers.
ukragroconsult.comAug 28, 2026
spglobal.comNanditha Kinavoor madathilAug 27, 2026After 1,465 past bullish weather events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.9% over 20.
After 453 past bullish weather events, Soybean Meal moved a median +0.5% over 5 sessions (55% higher; middle half -1.6% to +2.7%), 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.
