
India set stock limits on soybean meal from December 23, 2021 to June 30, 2022, to curb rising domestic prices. Processors face a 90-day production cap, and traders face a 160-tonne cap.
Stock limits may reduce crushing and soymeal supply, supporting meal prices in India. Reduced Indian crushing could also ease soybean demand, and the USDA expects a Brazilian crop in February to moderate global prices.
After 172 past bullish policy events, SBM moved a median +0.0% over 5 sessions (50% higher; middle half -1.5% to +1.7%), and -0.8% over 20.
After 369 past bearish policy events, SOY moved a median -0.2% over 5 sessions (46% higher; middle half -1.7% to +1.8%), and +0.8% 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.