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USSEC held its first poultry nutrition conference in Algiers, attended by about 40 Algerian poultry producers and feed millers. Speakers argued that U.S. soybean meal offers more value than meal from other origins because of higher digestible amino acids and metabolizable energy.
Export promotion aimed at Algerian feed buyers supports U.S. soybean meal demand in North Africa. The effect on prices is modest because it is a promotional event rather than a new purchase.
ussec.orgJan 8, 2019After 224 past neutral trade events, Soybean Meal moved a median -0.2% over 5 sessions (43% higher; middle half -1.7% to +1.2%), and -0.2% over 20.
After 250 past neutral trade events, Soybeans moved a median +0.0% over 5 sessions (50% higher; middle half -1.4% to +1.6%), and -0.2% 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.
