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The European Commission published its first EU protein balance sheet for 2015/2016, covering production, consumption and trade of protein feed sources. It shows the EU relies on imports of soybean meal and soybeans for crushing.
The data confirms structural EU dependence on imported soymeal, which keeps import demand steady, while EU production of rapeseed and sunflower meal limits the need for more imports.
foodagribusiness.worldeuropean commissionApr 14, 2017After 250 past neutral report events, Soybean Meal moved a median -0.1% over 5 sessions (49% higher; middle half -1.6% to +1.7%), and +0.4% over 20.
Not enough comparable past events yet for a historical read.
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.
