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The European Commission cleared Bunge's acquisition of sole control over two Cargill oilseed processing facilities in the Netherlands and France, along with related bulk terminal assets. The decision was made under EU merger rules.
Consolidation of European oilseed crushing capacity under Bunge could shift meal and oil supply and logistics in Europe. The direct price effect is likely modest.
app.livv.euFeb 6, 2017After 224 past neutral trade events, Soybean Meal moved a median -0.2% over 5 sessions (43% higher; middle half -1.7% to +1.2%), and -0.2% over 20.
After 81 past neutral trade events, Soybean Oil moved a median +0.3% over 5 sessions (56% higher; middle half -1.6% to +1.8%), and +0.9% 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.
