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The USDA raised its 2025/26 forecast for EU soybean meal imports by 1 million tonnes to 19.5 million tonnes, close to last year's decade high of 20.6 million. Imports through February are tracking last year's pace.
Robust EU import demand, driven by low meal prices and shortfalls in rapeseed and sunflower meal, supports global meal trade.
After 414 past bullish report events, Soybean Meal moved a median -0.1% over 5 sessions (48% higher; middle half -2.1% to +2.3%), and +0.3% 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.