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The U.S. Soybean Export Council article examines whether countries such as Algeria should build domestic soybean crush capacity or import soymeal and oil. It cites Algeria's crush plants opened in 2019 and 2021 and USSEC support for emerging crush markets.
Growing crush capacity in importing countries can gradually shift demand from imported meal toward whole beans, a long-run factor for US soymeal export volumes. The article has no immediate price impact.
ussec.orgAug 29, 2024After 224 past neutral trade events, Soybean Meal moved a median -0.2% over 5 sessions (43% higher; middle half -1.7% to +1.2%), and -0.2% over 20.
After 250 past neutral trade events, Soybeans moved a median +0.0% over 5 sessions (50% higher; middle half -1.4% to +1.6%), and -0.2% 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.
