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India's soymeal exports could fall by at least a fifth in 2017/18 as a rally in local soybean prices and a firmer rupee make Indian meal expensive for overseas buyers. Dealers estimate exports of 1.4 to 1.6 million tonnes versus 2 million a year earlier.
Indian FOB soymeal rose over 15% in two months to $405 per tonne.
Less Indian meal in Asian markets opens room for US, Argentine and Brazilian meal to win sales to Bangladesh, Vietnam and Japan, which supports global soymeal prices.
business-standard.comReutersJan 18, 2018
moneycontrol.comPTIJan 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.
Not enough comparable past events yet for a historical read.
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.
