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Romania sharply reduced soybean meal imports in September-November 2016/17. The drop followed a 16% rise in domestic oilseed production in 2016 compared with 2015.
The report comes from UkrAgroConsult.
Lower EU import demand for soymeal reduces export outlet for South American and other meal suppliers, a mildly bearish factor for meal prices.
After 384 past bearish trade events, Soybean Meal moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and -0.5% 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.