South Korean feed maker NOFI bought about 60,000 tonnes of soymeal in a tender, reportedly at an estimated $348.69/t c&f, likely sourced from the US, South America or China. NOFI also sought up to 138,000 tonnes of feed corn in a separate tender.
Active Asian buying of soymeal and corn supports near-term export demand, though the purchase size is modest relative to global flows.
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 729 past bullish trade events, Corn moved a median +0.4% over 5 sessions (56% higher; middle half -1.1% to +1.8%), and +0.5% 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.