Loading…
Chinese soybean crushers are expected to add to already high soyoil inventories, which stood at 1.344 million tonnes as of March. Soyoil prices have already fallen about 15% so far in 2020.
Consultancy expectations point to sluggish demand for the product.
Rising soyoil stocks in China weigh on vegetable oil prices and reduce crush margins, which can lower soymeal output pressure and support a weaker soy complex. Sluggish demand keeps soyoil bearish.
reuters.comHallie GuMar 5, 2020Not enough comparable past events yet for a historical read.
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.
