Loading…
USDA FAS Moscow forecasts Russia's three main oilseed crops at 16.9 MMT for MY 2018/19, up 7.3%. Oilseed meal output is projected at 9.0 MMT, up 7%, and vegetable oil exports are expected to rise 9.3% to 3.5 MMT.
Larger Russian oilseed and meal supplies add export competition and point to softer meal prices in global markets.
ikar.ruMay 7, 2018Not enough comparable past events yet for a historical read.
After 399 past bearish report events, Soybean Meal moved a median -0.4% over 5 sessions (44% higher; middle half -2.4% to +1.2%), and -1.0% 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.
