◂ Event Timeline

Apr 21, 2019TRADEPhilippines

USDA sees strong PHL soybean meal market due to growing demand for animal feed

BusinessWorld reports that a USDA assessment sees a strong soybean meal market in the Philippines, driven by growing demand for animal feed. The article text provided is only a headline and does not include further detail.

WHY IT MATTERS

Steady import demand in the Philippines supports soybean meal prices, though the country is a small market and the effect on global prices is limited.

AFFECTSSoybean Meal▲

SOURCE
bworldonline.comCEDTyCleaApr 21, 2019

Price reaction & history

Soybean Meal▲bullishSO FAR1d -0.2%5d -1.1%20d -2.9%

After 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.

Apr 10, 2026Canada Know-Risk Market Outlook | Soybean Meal Rallies on Strong Demand+4.4%
Jul 11, 2017China to buy U.S. soybeans to meet market demand | Iowa Agribusiness Radio Network-4.3%
Aug 13, 2020Market analyst cites good demand for soybean strength - Brownfield Ag News+4.8%
Jul 21, 2026Global demand for soybean meal drives prices up in Brazil and the U.S.-0.7%
Apr 23, 2018Steady Growth Demand for Feed and Protein Meals in Romania Signals Opportunities for U.S. Soy - U.S. Soybean Export Council+5.1%

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.

Soybean Meal SBM · GP ▸

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