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Vietnam's animal feed raw material imports reached $3.1 billion in the first seven months of 2022, with corn and soybeans accounting for about $2.7 billion. Corn imports were 5.1 million tonnes, down 21.9% by volume, while soybean imports were 1.3 million tonnes, flat by volume.
Vietnam relies on imports for about two-thirds of its corn and soybean needs, so steady import demand supports Brazilian and US export flows, though lower corn volumes point to softer near-term buying.
einpresswire.comAug 24, 2022After 480 past neutral trade events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.
After 250 past neutral trade events, Soybeans moved a median +0.0% over 5 sessions (50% higher; middle half -1.4% to +1.6%), and -0.2% over 20.
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.
