Ukraine exported a record monthly volume of 622 thousand tonnes of sunflower meal in January, up 37% m/m and 2.2 times y/y, with strong shipments to China. Its share of EU sunflower meal imports has fallen behind Russia's for the first time, with Ukraine at 37% and Russia at 40% this season.
Shifting Ukrainian meal toward China and away from the EU tightens EU meal supply, supporting alternative protein meals in Europe while the Black Sea outlook is uncertain.
Not enough comparable past events yet for a historical read.
After 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.
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.