EU soybean meal imports have continued to decline since the start of the 2020-21 marketing year in July. Raw soybean purchases rose 4.5% on the year to 7.78 million tonnes, with the Netherlands, Spain and Denmark the top importers.
Lower EU meal imports reflect tight South American supplies, which supports global soymeal prices and makes European feed costs more expensive.
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.
After 250 past neutral trade events, Soybeans moved a median +0.0% over 5 sessions (50% higher; middle half -1.4% to +1.6%), and -0.2% 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.