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Ukraine's Sinofarm Ukraine says Ukraine could supply up to 1 million tons of GMO-free sunflower meal to China in the new season. Chinese buyers are seeking alternatives to US soy protein amid the trade war, and China may cut soybean imports by 10 million tons as it shifts to low-protein meals.
Chinese substitution of sunflower meal for soymeal would add supply to the protein meal market and weigh on soybean meal demand and prices, while supporting sunflower meal export prices.
latifundist.comAug 14, 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.
After 803 past bearish trade events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.7%), and +0.9% 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.
