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India's soybean crushing for October to March fell about 50% to 40.5 lakh tonnes as arrivals dropped 18% year on year. Soymeal output fell 35% and exports slumped 71%, as farmers held back stocks expecting higher prices.
Sharply lower Indian crush and meal exports tighten global soymeal availability and keep farmers holding out for higher prices. This supports soymeal and soybean prices.
thehindubusinessline.comBL Bengaluru BureauApr 15, 2022After 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.
After 696 past bullish trade events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.3% to +1.9%), and +0.7% 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.
