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USSEC ran its 15th soy trade price risk management training in Shanghai on April 25-26 for 45 soymeal sales managers and feed millers. The course covered basis contracts and Dalian and CBOT hedging tools.
Trainers also promoted the US Soy Sustainability Assurance Protocol.
Greater use of futures hedging by Chinese meal buyers could deepen links between US and Chinese soymeal pricing. The item is promotional and has no immediate price effect.
ussec.orgMay 15, 2017After 224 past neutral trade events, Soybean Meal moved a median -0.2% over 5 sessions (43% higher; middle half -1.7% to +1.2%), and -0.2% 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.
