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Paranaguá soybean meal for December shipment was assessed at $384.92/mt on Oct. 26, down $14.22/mt day over day.
The drop is the largest daily decline since April and follows the presidential election, with ample supplies in Brazil and Argentina cited as earlier pressure.
A sharp drop in Brazilian meal FOB prices lowers the export price floor for soybean meal and can pressure global protein meal values.
Not enough comparable past events yet for a historical read.
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.