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Soybean prices fell across major exporters in March in anticipation of record Brazilian harvests. The April WASDE cut forecast global soybean meal and oil trade for 2022/23, with soybean meal imports seen at 4.2 million tonnes, the lowest in six years.
Lower meal trade and tight global crush support meal prices despite softer raw bean prices, a key consideration for feed cost planning.
asian-agribiz.comZahrah ImtiazApr 13, 2023After 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.
After 788 past bearish report events, Soybeans moved a median -0.3% over 5 sessions (47% higher; middle half -2.0% to +1.5%), and -0.9% over 20.
After 296 past bullish report events, Soybean Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.8% to +2.0%), and -0.5% 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.
