
Soybean meal futures rose $12 to $15 per ton after a USDA-confirmed private export sale of 100,000 metric tons to Italy. The rally was also supported by the USDA's April WASDE report and a record US crush forecast.
A new export sale and a larger crush both tighten meal balances, supporting soybean meal prices. The record crush adds supply, which limits the upside.
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.
After 696 past bullish trade events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.3% to +1.9%), and +0.7% 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.