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South Korean feed manufacturer MFG bought 60,000 tonnes of soybean meal from Bangji Company at a CNF price of $430.97 per tonne, including port unloading fees. The cargo is expected to ship from South America in December 2024 and arrive in South Korea around January 28, 2025.
A forward purchase at about $431 per tonne CNF gives a reference price for South American soymeal delivered to Asia. The deal is a routine sale and only a modest signal for overall meal demand.
sunsirs.comJul 30, 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.
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.
