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Ukraine delivered a record 175 thousand tons of sunflower meal to China in November 2018, according to APK-Inform. Shipments over September-November 2018/19 exceeded 240 thousand tons, versus 152 thousand tons for all of the previous season.
China's growing uptake of Ukrainian sunflower meal adds to competing protein meal supply, but expected weaker Chinese demand and lower meal prices in early 2019 point to softer prices for sunflower and other oilseed meals.
latifundist.comDec 28, 2018Not enough comparable past events yet for a historical read.
After 384 past bearish trade events, Soybean Meal moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and -0.5% 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.
