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Oil World data show Iran cut oilseed imports 13% in June-July 2019 while sharply raising vegetable oil imports (up 71% to 984k tonnes) and meal imports (up 2.3 times to 1.59 mln tonnes). Soybean meal supplies rose 2.5 times year on year, displacing sunflower and rapeseed meal.
Iran's shift toward soymeal and vegetable oil imports supports demand for soybean meal and oils from Argentina, Brazil and India, while reducing demand for sunflower and rapeseed meal.
alfa.apk-inform.comAug 20, 2019After 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.
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.
After 133 past bullish trade events, Palm Oil moved a median +0.7% over 5 sessions (64% higher; middle half -0.8% to +2.3%), and +1.7% over 20.
Not enough comparable past events yet for a historical read.
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.
