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Ukraine's sunflower meal exports rose 28% in October 2023/24 to 359,000 tonnes, with China taking 144,000 tonnes, the highest monthly volume in seven months. Over the first two months of the season, however, exports to China fell 47% year on year.
Stronger Ukrainian meal shipments to China add supply to the protein meal market, but competition from Russian meal and lower year-on-year volumes limit the price impact.
tridge.comVictor LangatNov 22, 2023Not enough comparable past events yet for a historical read.
After 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.
