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Northern Ireland grain trade sources say feed prices will stay firm. Strategie Grains projects U.S. soymeal shipments to the EU rising about 80 percent to 1.2 million tons as Brazil sells more feed to China, and European wheat prices reached a five-year high on drought and heat.
Lower U.S. soymeal prices draw EU buyers while European drought lifts wheat and barley costs, keeping European feed prices high.
farminglife.comThe NewsroomAug 26, 2018After 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.
After 431 past bullish trade events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.3% to +2.1%), and +0.5% over 20.
Not enough comparable past events yet for a historical read.
After 683 past bearish trade events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and +0.3% 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.
