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Soybean meal futures fell after rising in mid-June on Israel-Iran tensions, with prices pressured by oversupply and tepid Chinese feed demand. China's May soybean imports rose 129% month on month to recover from a decade-low April, but this did not support prices.
Technical indicators turned bearish, though call option buildup suggests medium-term recovery hopes.
Heavy Chinese soybean import volumes and weak feed demand add to the meal glut, pressuring soybean meal prices lower for feed buyers in the near term.
smartkarma.comJul 3, 2025Not enough comparable past events yet for a historical read.
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.
