Loading…
Thai Feed Mills Association says soybean meal prices in Thailand will stay high until April because processing plants delayed imports amid high prices. Ex-factory soybean meal was USD 0.6/kg as of February 20 versus CBOT at USD 0.39/kg.
A 10-15% decline in feed protein prices is expected midway through Q2 as supply rises and demand, especially from China, weakens.
Import delays keep Thai domestic meal prices elevated near term, while the expected supply build and softer Chinese demand point to lower feed protein prices later in Q2.
tridge.comEconomic timesFeb 29, 2024After 342 past bullish trade events, Soybean Meal moved a median +0.1% over 5 sessions (51% higher; middle half -1.1% to +2.6%), and +0.6% over 20.
After 803 past bearish trade events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.7%), and +0.9% 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.
