European soybean meal prices extended their decline for a third consecutive week, with Rotterdam high-protein meal for December delivery down $3 per tonne on November 4. The report attributed the pressure to falling CBOT soybean and meal futures, progress in the U.S. harvest, and disappointing demand; European rapeseed meal prices also fell.
U.S. harvest supply and weak demand are weighing on imported and European-origin meal prices, increasing pressure on feed ingredient costs. Falling rapeseed meal prices add to the broader softness in protein meals.
Not enough comparable past events yet for a historical read.
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.