Loading…
South Korea's largest feed producer, Nonghyup Feed (NOFI), issued an international tender to buy up to 55,000 metric tons of soybean meal and 24,000 tons of canola meal. Delivery is requested for early July.
Offers were due on the day of the notice.
A sizable Korean tender adds import demand for soymeal and canola meal, which can support export prices for those meals.
zmp.deFeb 28, 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.
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.
