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The U.S. Soybean Export Council held its 4th poultry feed roundtable for Maghreb feed industry customers in Morocco on April 4-5, attended by over 45 buyers from Tunisia, Algeria and Morocco. The event promoted U.S. soybean meal in poultry rations, and Morocco and Tunisia were described as major buyers of U.S. soy products.
This is a promotional event with no new trade volume or policy change, so it has little direct price impact on soybean meal or soybeans.
ussec.orgApr 10, 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.
After 250 past neutral trade events, Soybeans moved a median +0.0% over 5 sessions (50% higher; middle half -1.4% to +1.6%), 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.
