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Italian feed producers have seen soybean meal costs rise by roughly a quarter since July. South American export prices are climbing while European buyers rush to secure supplies that meet new deforestation rules.
Compliance-driven buying from Europe adds demand for compliant South American meal and widens Milan's premium over Rotterdam. Higher meal costs raise feed input costs for European livestock producers.
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.