◂ Event Timeline

Nov 23, 2023TRADEEU

Since the beginning of July, imports of meals to the EU have been declining

EU meal imports fell 7% year on year to 7.03 million tonnes from July 1 to August 19, with soybean meal imports down 10%. Rapeseed meal imports rose 52%, and Ukraine and Argentina were the leading sunflower meal suppliers to the EU.

WHY IT MATTERS

Lower EU soymeal imports reduce import demand and weigh on soybean meal prices, while higher rapeseed meal supply adds competition for the protein complex.

AFFECTSSoybean Meal▼Canola Meal▼Sunflower Meal◆

SOURCE
ukragroconsult.comNov 23, 2023

Price reaction & history

Soybean Meal▼bearishSO FAR1d -0.1%5d -2.9%20d -12.1%

After 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.

Jun 9, 2025Decline of China's Soybean Meal Market Amid Rising Imports-1.2%
Oct 27, 2025SunSirs: EU Soybean Meal Imports Decrease by 1%+10.4%
Dec 16, 2025Decline in EU Rapeseed Meal Prices Amid Record Imports-1.3%
Feb 21, 2017Romania sharply decreased imports of soybean meal-2.5%
Mar 7, 2024EU increases imports of sunflower and rapeseed meal-0.8%

Canola Meal▼bearish

Not enough comparable past events yet for a historical read.

Sunflower Meal◆neutral

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.

Soybean Meal SBM · GP ▸

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Canola Meal CANMEAL · GP ▸

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