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Atria Brokers' Vladimir Dvinskiy said the 2020/21 sunflower and soybean meal market could be tight, with record global supply. Ukraine and Russia are expected to compete more intensely in sunflower meal, especially in Turkey, Europe and Belarus, and Russia has begun pilot shipments to China.
Record sunflower crops in Ukraine and Russia point to ample sunflower meal supply, which tends to pressure meal prices and competes with soybean meal in feed rations.
apk-inform.comJul 3, 2020Not enough comparable past events yet for a historical read.
After 384 past bearish trade events, Soybean Meal moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and -0.5% 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.
