◂ Event Timeline

May 24, 2018TRADEGlobal

Soybean meal: Dollars and trade talks drive prices

Soybean meal prices are still below mid-May levels but have started to rise. The stronger US dollar and the resolution of the US-China trade dispute are supporting the market.

WHY IT MATTERS

A firmer dollar and a calmer trade outlook make US meal more competitive for export, which supports meal prices for feed buyers.

AFFECTSSoybean Meal▲

SOURCE
zmp.deMay 24, 2018

Price reaction & history

Soybean Meal▲bullishSO FAR1d -0.9%5d -1.4%20d -12.8%

After 342 past bullish trade events, Soybean Meal moved a median +0.1% over 5 sessions (51% higher; middle half -1.1% to +2.6%), and +0.6% over 20.

Jul 21, 2026Global demand for soybean meal drives prices up in Brazil and the U.S.-0.7%
Apr 7, 2025China soybean meal prices surge amid U.S. trade war escalation+5.1%
Jul 23, 2024Soybean and meal prices rise: US election campaign and+2.7%
Feb 29, 2024Soybean meal prices in Thailand will remain high-0.3%
Apr 27, 2021Chinese Demand Drives Global Soybean Trade - Trade Data Monitor-2.8%

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.

Soybean Meal SBM · GP ▸

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