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The UK remains a net importer of protein crops, relying heavily on soymeal imports, mainly from Argentina. Soymeal imports tend to peak around December and there are concerns about possible COVID-19 disruption to loading in Argentina.
The value of soymeal has risen as global supply concerns and South American logistics issues grow.
Logistics risk in Argentina and Brazil tightens global soymeal availability, supporting meal prices for importers. UK feed buyers face higher replacement costs if disruptions persist.
ahdb.org.ukApr 1, 2020After 167 past bullish logistics events, Soybean Meal moved a median +0.5% over 5 sessions (54% higher; middle half -1.8% to +2.9%), and -1.2% over 20.
After 230 past neutral logistics events, Soybeans moved a median +0.4% over 5 sessions (55% higher; middle half -1.4% to +2.0%), 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.
