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The US Soybean Export Council is working to build global preference for US soy beyond China, targeting markets such as Nigeria, Pakistan, Egypt and Bangladesh. Its promotion emphasizes the quality of US soymeal and soyoil and sustainable production.
Export market diversification efforts are a longer-term demand factor and have little immediate price impact on soybeans or meal.
hpj.comKylene ScottMar 28, 2020After 250 past neutral trade events, Soybeans moved a median +0.0% over 5 sessions (50% higher; middle half -1.4% to +1.6%), and -0.2% over 20.
After 224 past neutral trade events, Soybean Meal moved a median -0.2% over 5 sessions (43% higher; middle half -1.7% to +1.2%), and -0.2% 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.
