Loading…
US soybean meal exporters say they expect US meal supplies to rise about 26% by 2030, and they are targeting Southeast Asia's growing livestock sector. Vietnam produces about 13 million tonnes of soybean meal a year, meeting only about 35% of local demand and relying on imports from Argentina and Brazil.
Expanded US meal exports into Southeast Asia could add supply to a import-dependent region and ease prices for Vietnamese feed producers.
efeedlink.comefeedlinkNov 22, 2024After 384 past bearish trade events, Soybean Meal moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), 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.
