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China's National Grain and Oil Information Center expects soybean meal spot prices to weaken in May. Increased imported soybean crushing and improving domestic supply are expected, while high meal prices are curbing feed company demand and prompting formula changes.
Expected higher crush volumes and reduced feed-company buying point to softer Chinese soymeal prices, which weighs on global meal values.
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.