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At least 20 soybean crushing plants in China halted operations last week under power consumption curbs, per Reuters, including Louis Dreyfus and Bunge facilities in Tianjin. The resulting shutdowns pushed up soymeal prices ahead of China's National Day holidays.
Lost crush capacity tightens Chinese soymeal supply during peak feed-stocking season, supporting meal prices and reducing soybean import needs.
world-grain.comEric SchroederSep 27, 2021After 167 past bullish logistics events, Soybean Meal moved a median +0.5% over 5 sessions (54% higher; middle half -1.8% to +2.9%), and -1.2% over 20.
After 297 past bearish logistics events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.5% to +1.8%), 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.
