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USDA's February review raised its 2024/25 world meal and cake import forecast again to a record 103.99 million tonnes, including 73.01 million tonnes of soybean meal, 10.35 million of rapeseed meal and 8.6 million of sunflower meal. Ukraine's soybean meal exports in September to December rose 12% year on year.
A record import forecast signals strong global meal demand, though rising alternative meal use in China and Ukraine's soymeal export gains add competition for soybean meal.
ukragroconsult.comFeb 14, 2025After 250 past neutral report events, Soybean Meal moved a median -0.1% over 5 sessions (49% higher; middle half -1.6% to +1.7%), and +0.4% over 20.
Not 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.
