The USDA Foreign Agricultural Service reported EU soybean meal imports reached nearly 6 million tonnes in Q1 of 2024-25, a decade high. Full-year EU meal imports are forecast at a nine-year high of 17.6 million tonnes.
Global soymeal export prices are near five-year lows.
Strong EU import demand supports South American meal flows, but abundant global supply and low export prices keep meal values under pressure for buyers.
After 414 past bullish report events, Soybean Meal moved a median -0.1% over 5 sessions (48% higher; middle half -2.1% to +2.3%), and +0.3% 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.