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The Solvent Extractors Association of India expects oilmeal exports to fall in the first half of the fiscal year because soymeal priced over $200 per tonne higher since February is uncompetitive globally. April oilmeal shipments were 303,000 tonnes, down from March and February.
Reduced Indian meal exports leave more soymeal for domestic feed use and lower global export supply, supporting world meal prices. Record Indian soybean prices underpin the higher cost base.
thehindubusinessline.comOur BureauMay 19, 2021After 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.
