
The South Korean Feed Manufacturers Association bought about 60,000 tonnes of soybean meal from COFCO at an international tender on January 13. The price was $371.71/tonne C&F, including a port unloading surcharge, and the meal was sourced from the US, China or South America.
A single tender at a firm C&F price confirms export demand for soybean meal from multiple origins. It is a modest supportive signal for meal prices, but not a major shift.
After 342 past bullish trade events, Soybean Meal moved a median +0.1% over 5 sessions (51% higher; middle half -1.1% to +2.6%), and +0.6% 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.