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The US Soybean Export Council promoted US soybean meal as a high-digestibility feed ingredient, citing new and expanded US crush plants planned through 2026. It highlighted growing Pacific Northwest shipments to Asia, including a Korean buyer delegation's visit to Grays Harbor.
Expanding US crush capacity and export logistics increase soybean meal availability for Asian feed buyers, which is a bearish factor for meal prices over time.
ussec.orgMay 28, 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.
