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Platts assessed soybean meal FOB Netherlands for July at Eur305/mt on June 10, down from Eur317 a month earlier. A trader expects European meal prices to stay low near term due to a record harvest, large stocks and high Brazilian and Argentine exports.
Abundant European and South American meal supply keeps global soymeal prices under pressure. A rebound is expected only within three months.
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.