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UFOP reports that EU compound feed use of soybean meal and rapeseed meal fell about 11% from 2017/18 to 2021/22, to 4.11M tonnes. Soybean meal processing dropped about 9% and rapeseed meal use also fell about 9%.
Demand for GM-free rapeseed meal is growing with non-GM labelling.
Lower EU meal use reduces import demand for soybean meal and rapeseed meal, a mild bearish factor. Growing non-GM demand supports a niche premium for rapeseed meal.
ofimagazine.comMay 30, 2022After 399 past bearish report events, Soybean Meal moved a median -0.4% over 5 sessions (44% higher; middle half -2.4% to +1.2%), and -1.0% over 20.
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.
