
India’s oilmeal exports fell 28.51% year over year to 1.282 million tonnes in April–August, while soybean meal exports plunged 73% to 205,000 tonnes. Indian soymeal traded at about $622 per tonne versus global benchmarks near $445, as cheaper South American supplies, strong domestic feed demand and high freight costs weighed on shipments.
Reduced Indian export competition leaves more meal available domestically, while lower-priced South American supplies add pressure to international soymeal prices. Strong domestic feed demand may partly offset that bearish supply effect in India.
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.