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Soybean meal futures rose on concerns about logistics for South American soybean exports, which could be limiting shipments to China. The article is brief and gives few specifics beyond the logistics worry.
Logistics risk in South America can reduce soymeal export availability, supporting feed protein prices. The effect depends on how long the disruption lasts.
theglobalherald.comNews DeskMar 24, 2020After 167 past bullish logistics events, Soybean Meal moved a median +0.5% over 5 sessions (54% higher; middle half -1.8% to +2.9%), and -1.2% over 20.
After 206 past bullish logistics events, Soybeans moved a median +0.5% over 5 sessions (56% higher; middle half -1.3% to +2.6%), and +1.4% 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.
Dated the same day as the drop, it shows soymeal had been pushed up by South American logistics worries, so the -3.1% move likely reflects an unwinding of that premium.
Meal futures rose on concerns about South American logistics limiting shipments to China, which shifts demand toward US supply.
Soymeal rose on South American export logistics worries, but it is dated after the move window and is thin on detail.
