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FEFAC said 38% of European soybean consumption and 49% of industrial compound feed soybean meal in 2018 met its Soy Sourcing Guidelines. It estimated that 19% of total European soy was certified deforestation-free and 79% came from low-deforestation origins, including the US, Canada and Ukraine.
Growing shares of responsibly sourced soybean meal may steer EU feed buyers toward low-risk origins, shifting import demand among suppliers without a clear overall price effect.
fefac.euMay 28, 2020After 250 past neutral report events, Soybean Meal moved a median -0.1% over 5 sessions (49% higher; middle half -1.6% to +1.7%), and +0.4% 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.
