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Brazil and China are finalizing a health protocol that would let Brazilian processors export soymeal to China. Brazil's biodiesel blending mandate increase will raise crush and meal output, which will need new buyers.
Brazilian meal gaining Chinese market access and rising crush for biodiesel add supply that could pressure global soymeal prices, though no start date has been set.
millermagazine.comNewclick Dijital Reklam AjansıJan 23, 2020After 384 past bearish trade events, Soybean Meal moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and -0.5% over 20.
After 224 past bullish trade events, Soybean Oil moved a median +0.4% over 5 sessions (54% higher; middle half -1.5% to +2.1%), and -0.5% 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.
