Soybean Meal Price (Global) in 2015
Soybean Meal Price (Global) opened 2015 at 379.04 and closed at 303.86, a -19.83% move for the year. The high of 394.64 was reached on July 1, and the low of 303.86 on December 1.
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 379.04 | 379.04 | 379.04 | 379.04 | +0.00% |
| Feb | 374.25 | 374.25 | 374.25 | 374.25 | +0.00% |
| Mar | 364.86 | 364.86 | 364.86 | 364.86 | +0.00% |
| Apr | 349.71 | 349.71 | 349.71 | 349.71 | +0.00% |
| May | 340.47 | 340.47 | 340.47 | 340.47 | +0.00% |
| Jun | 353.9 | 353.9 | 353.9 | 353.9 | +0.00% |
| Jul | 394.64 | 394.64 | 394.64 | 394.64 | +0.00% |
| Aug | 370.41 | 370.41 | 370.41 | 370.41 | +0.00% |
| Sep | 342.96 | 342.96 | 342.96 | 342.96 | +0.00% |
| Oct | 338.21 | 338.21 | 338.21 | 338.21 | +0.00% |
| Nov | 320.34 | 320.34 | 320.34 | 320.34 | +0.00% |
| Dec | 303.86 | 303.86 | 303.86 | 303.86 | +0.00% |
Events During 2015
The PBoC devalued the yuan by 1.9% in a single day on August 11, 2015, the first meaningful devaluation since 1994. Global risk assets convulsed.
Brent crude fell from $115 in June 2014 to $27 in January 2016, a 77% collapse. Shale oversupply and OPEC's refusal to cut production broke the commodity supercycle that had dominated markets since 2003.
The Swiss National Bank abandoned its 1.20 EUR/CHF floor on January 15, 2015. The franc immediately surged 30%, blowing up retail FX brokers and exposing the fragility of exchange rate commitments.
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