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A South Dakota soybean checkoff board member joined a trade mission to India organized by the USA Poultry & Egg Export Council in fall 2018. The mission aimed to build relationships to expand US poultry exports.
The article notes poultry is the largest domestic user of US soybean meal.
Stronger poultry export access to India would support domestic poultry output and therefore soybean meal demand. The effect is a longer-term, modest factor rather than an immediate price driver.
farmforum.netLura RotiFeb 28, 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.
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.
