◂ Event Timeline

Aug 29, 2024REPORTUS

Agro Perspectiva

USDA's September 2024 Oilseeds report projects record 2024/25 US soybean meal exports near 16.0 million tons on record crush. Sales for 2024/25 had reached a 10-year high as of August 29, led by Canada, the Philippines and Colombia.

WHY IT MATTERS

Record US meal export sales and large supplies support strong export demand, though ample availability keeps prices competitive for feed buyers. Sustained sales help absorb the expanding crush.

AFFECTSSoybean Meal▲Soybeans◆

SOURCE
agroperspectiva.comAug 29, 2024

Price reaction & history

Soybean Meal▲bullishSO FAR1d -0.6%5d +3.2%20d +4.6%

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.

Aug 16, 2018Agro Perspectiva-2.5%
Jul 2, 2020Market Perspectives – July 2, 2020 - U.S. Grains & BioProducts Council+0.8%
Jul 13, 2023Market Perspectives – July 13, 2023 - U.S. Grains & BioProducts Council+5.4%
Aug 16, 2019A Reinforced Case For A Bullish Edible Oil Market » Trilateral - Perspectives You Can Price On+0.7%
Nov 19, 2019Soybean Crush Prospects - ProAg-1.0%

Soybeans◆neutralSO FAR1d +1.6%5d +5.2%20d +8.6%

After 563 past neutral report events, Soybeans moved a median -0.1% over 5 sessions (48% higher; middle half -1.7% to +1.6%), and -0.1% over 20.

Mar 17, 20172016 corn and soy yields in perspective - Morning Ag Clips-1.0%
Aug 29, 2024Market Perspectives - August 29, 2024 - U.S. Grains & BioProducts Council+5.2%
Jul 16, 2020Market Perspectives – July 16, 2020 - U.S. Grains & BioProducts Council+1.5%
Dec 13, 2017Market Perspectives December 14, 2017 - U.S. Grains & BioProducts Council-2.0%
Jan 1, 2019Soybean Crush Prospects+2.7%

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.

Soybean Meal SBM · GP ▸

——— · ·

Soybeans SOY · GP ▸

——— · ·

Loading…