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India's soymeal exports are forecast to fall by over a quarter to about 1.5 million tonnes in the oil year ending September 2018 due to reduced soybean crushing availability. Shipments for October-March fell to 1.025 million tonnes from 1.189 million a year earlier.
Processors see some chance to supply China if US-China tariffs persist.
Lower Indian meal exports remove some supply from world markets, mildly supportive for soymeal prices, though India is a small player.
thehindubusinessline.comVishwanath KulkarniApr 18, 2018After 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.
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.
