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The Indian rupee is heading for new lows for the year as the trade deficit widens. The page text is mostly site navigation with little article content.
A widening trade deficit and weaker rupee raise the cost of imported feed ingredients for India, supporting higher domestic prices for soymeal and other protein inputs.
thenationalnews.comBloombergJul 12, 2021Not enough comparable past events yet for a historical read.
After 44 past bullish macro events, Soybean Meal moved a median -0.6% over 5 sessions (34% higher; middle half -1.9% to +0.9%), and -2.9% 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.
