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The U.S. Soybean Export Council reports that Indonesian aquaculture forum members pushed for certified farms and less fishmeal use in feed. Certified farms and feedmills are expected to shift toward soybean meal, with U.S. SSAP-certified soy promoted as a supply option.
A policy push to cut fishmeal use in Indonesian aquaculture would reduce fishmeal demand there and could increase soybean meal demand in that market.
ussec.orgJan 1, 2018Not enough comparable past events yet for a historical read.
After 172 past bullish policy events, SBM moved a median +0.0% over 5 sessions (50% higher; middle half -1.5% to +1.7%), and -0.8% 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.
