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India's soymeal exports are forecast to reach about 2 million tonnes in the year to October 2017, the most in two years, after domestic soybean output rose to 11.5 million tonnes. Soybean prices in India have fallen about 30 percent from last year's peak.
Overall oilmeal exports could reach 2.3 to 2.8 million tonnes in 2016/17.
Larger Indian meal exports add supply to global soymeal markets and pressure prices, especially in Europe and Japan.
benisonmedia.comAshwani VermaApr 13, 2017After 384 past bearish trade events, Soybean Meal moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and -0.5% over 20.
After 803 past bearish trade events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.7%), and +0.9% 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.
