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Feb 1, 2024REPORTPhilippines

Cebu offers much opportunities for US agri exporters, says USDA report

A USDA-FAS report identifies Cebu in the Philippines as a growing market for US agricultural exports. It cites 7% growth in shipments to 66.3 million metric tons from 2021 to 2022 and opportunities in feed manufacturing, with soybean meal named as a top product.

WHY IT MATTERS

Expanding feed-sector demand in the Philippines could support US soybean meal exports, though the effect on prices is small.

AFFECTSSoybean Meal▲

SOURCE
portcalls.comWeb PublisherFeb 1, 2024

Price reaction & history

Soybean Meal▲bullishSO FAR1d -1.4%5d -3.8%20d -9.7%

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.

Feb 12, 2018Aquaculture: A Growing Opportunity for U.S. Soy - U.S. Soybean Export Council+8.6%
Dec 4, 2023Export Sales to China, Mexico, and Philippines | USDA Foreign Agricultural Service-1.3%
Jul 11, 2019USDA reports offer mixed view-0.5%
Apr 9, 2026USDA raises price estimates for several commodities | Agri-Pulse Communications, Inc.+5.8%
Feb 23, 2026USDA report addresses China’s what ifs – AgriNews+3.4%

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 ▸

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