
A USDA GAIN report forecasts India's 2020-21 oilseed production to rise 2% to 38.4 million tonnes on favorable weather and expanded planting. Oil meal output is projected to grow 5.2% to 17 million tonnes, with exports of 2.5 million tonnes.
Higher Indian oilseed crush expands oil meal supply available for export, which is mildly bearish for global soymeal and other meal prices.
After 399 past bearish report events, Soybean Meal moved a median -0.4% over 5 sessions (44% higher; middle half -2.4% to +1.2%), and -1.0% over 20.
After 563 past neutral report events, Soybeans moved a median -0.1% over 5 sessions (48% higher; middle half -1.7% to +1.6%), and -0.1% 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.