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Reuters reports that Brazilian soybeans are losing protein content, threatening exporters with cancellations, discounted sales or stricter quality contracts. The problem affects shipments to buyers, including China, who want nutrient-rich beans.
Lower protein reduces meal quality and can lead to discounts on Brazilian beans, supporting US and other origins in the meal market. Quality disputes could also disrupt export flows from the top supplier.
reuters.comAna ManoJul 19, 2019After 250 past neutral trade events, SOY moved a median +0.0% over 5 sessions (50% higher; middle half -1.4% to +1.6%), and -0.2% over 20.
After 342 past bullish trade events, SBM moved a median +0.1% over 5 sessions (51% higher; middle half -1.1% to +2.6%), and +0.6% 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.
