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European soybean meal prices hit record highs on April 29, with FOB Netherlands assessed at Eur372.50/mt. Prices have since eased to Eur364/mt by May 6 as origin premiums fell.
Easing European meal prices reflect fading Middle East risk premiums and freight costs, though supply tightness from Brazil and Argentina still supports the market. Buyers face somewhat lower meal costs.
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.