Loading…
Imports supply about 43 percent of Russia's soybeans, and the country needs around 5 million tonnes of soybean meal yearly. Russia's 2016 soybean harvest reached a record 3.1 million tonnes, though shortages are expected.
Russian feed mills face tight meal supply and higher costs, which supports demand for imported soymeal from major exporters.
foodagribusiness.worldVladislav VorotnikovMar 3, 2017After 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.
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.
