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USDA announced a private export sale of 100,000 metric tons of U.S. soybean meal to Italy for the 2025/26 marketing year. Nearby soybean meal futures rallied $12 to $15 per ton, reaching a high of $334.70, alongside the April WASDE report.
A surprise export sale from a typically quiet buyer signals that U.S. meal is price-competitive, supporting nearby meal values. Traders are shifting focus toward domestic crush as a result.
markets.financialcontent.comMarketMinuteJun 30, 2023After 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.
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.
