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SunSirs reports China's average soybean meal price rose 0.92% to 4,156 RMB/ton on July 26, 2022, after mixed trading through July. Early-month weak demand and high inventories were offset by late-month strength in the outer soybean disk.
Chinese domestic meal prices track overseas soybean futures and feed demand, so a firm close to July signals steady import-linked feed costs. Gains are modest, pointing to limited upside pressure.
sunsirs.comJul 27, 2022Not 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.
