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ABARES published an overview of Australian oilseed meal markets, noting that soymeal is priced above canola meal internationally and is preferred by importers. Australia's oilseed meal consumption rose 40% over the decade to 2015-16, driven by livestock growth.
The analysis describes structural demand for soymeal and canola meal in Australia, with no new shock to prices.
graincentral.comGuest AuthorApr 1, 2017Not enough comparable past events yet for a historical read.
After 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.
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.
