Loading…
EU meal imports from July 2023 to February 2024 fell 9% to 12.14 million tons, driven by a 13% drop in soybean meal imports. Rapeseed meal imports rose 22% and sunflower meal imports rose 6%.
Main suppliers were Brazil, Argentina and the US for soybean meal, and Russia, Belarus and Ukraine for the other meals.
Lower EU soybean meal imports ease demand for South American supply, while higher rapeseed and sunflower meal imports tighten those alternative meal markets.
tridge.comVictor LangatMar 7, 2024After 384 past bearish trade events, SBM moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and -0.5% over 20.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
