
Brazilian soybean meal and oil prices rose as domestic and export demand grew. Cepea linked the increase to firmer soybean prices and farmers holding back large lots from sale.
Soybean oil was largely committed through mid-June, mostly for biodiesel.
Strong demand for meal from the animal protein sector and oil committed to biodiesel tightens Brazilian supply and supports derivative prices. Reduced farmer selling also limits near-term availability.
After 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.
After 224 past bullish trade events, Soybean Oil moved a median +0.4% over 5 sessions (54% higher; middle half -1.5% to +2.1%), and -0.5% over 20.
After 696 past bullish trade events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.3% to +1.9%), and +0.7% 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.