
Soybean meal rose 141% on CBOT to US$321 per ton in early November, driven by technical shutdowns at US crush plants and tight short-term product availability. Brazilian domestic meal prices advanced 10.81% in Rondonópolis, while soybean oil fell for a fourth straight month and Brazilian meal exports through October reached 20.2 million tons.
Stronger CBOT meal lifts Brazilian export parity and draws more Brazilian meal abroad, tightening domestic supply and supporting local meal prices, while soyoil weakness keeps vegetable oil values soft.
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.
After 152 past bearish trade events, Soybean Oil moved a median -0.2% over 5 sessions (47% higher; middle half -2.1% to +2.1%), and -0.1% 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.