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A Ukrainian analyst estimates domestic soybean meal consumption at about 50,000 tonnes per month, with roughly 100,000 tonnes of soybeans available locally and some contracted for export. Crushing plants are half-loaded, and processors had stockpiled soybeans in anticipation of a deficit in the second half of 2020.
Tight domestic soybean supply in Ukraine raises demand for alternatives such as sunflower meal, supporting feed protein prices in the Black Sea region.
latifundist.comExpert viewMay 29, 2020After 696 past bullish trade events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.3% to +1.9%), and +0.7% over 20.
Not enough comparable past events yet for a historical read.
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.
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.
