Loading…
Turkey's soybean imports rose to 190,000 tonnes in February 2017 from 122,000 tonnes a year earlier, according to Oil World. Sunflower meal imports reached 108,000 tonnes over the past month, and traders expect a possible tax increase on imported sunflower oil.
Stronger Turkish demand for soybeans, soymeal and sunflower meal supports export prices for these feed proteins, while a possible tax rise could cut sunflower oil imports.
grainsprices.comGate.BGApr 10, 2017After 696 past bullish trade events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.3% to +1.9%), and +0.7% over 20.
After 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.
