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Chinese feed ingredient averages were posted for September 17, 2020, with soybean meal up 10-20 RMB/MT to roughly 3000-3100 RMB/MT. Rapeseed meal rose 10 RMB/MT, while cottonseed meal, DDGS and fishmeal were flat.
Feed mills were stocking up ahead of the festival season.
Pre-festival restocking by Chinese feed mills and tight South American soybean inventories support soybean meal prices. Concerns about La Nina weather in South America add upside risk.
stcdie.comSep 16, 2020Not 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.
