Brazilian soybean meal spot prices rose from near four-year lows, with Platts assessing FOB Paranagua at $367.29/mt on August 22 versus $349.43/mt on August 12. Buyers in Europe were more active ahead of the EU Deforestation Regulation taking effect December 30.
Stronger European buying and a favorable exchange rate lift Brazilian meal export prices from lows, supporting global soymeal values. The EUDR-driven front-loading may be temporary, so the rebound could fade.
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 696 past bullish trade events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.3% to +1.9%), and +0.7% 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.