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India's soymeal exports fell 64% in October-January compared with a year earlier, according to the SOPA trade body. Soybean crushing and meal output dropped about 40% as farmers held back beans expecting higher prices, while domestic feed-sector offtake fell 5%.
India's reduced export availability and crushing lower the regional supply of soymeal, which supports international meal prices, though weaker domestic feed demand offsets part of the effect.
thehindubusinessline.comOur BureauFeb 11, 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.
