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China's average soybean meal price fell from 3,020 RMB per ton on August 1 to 2,948 RMB on August 9, a decline of 2.38%. SunSirs attributed the weak rebound to loose supply, sluggish feed demand and doubled inventory pressure.
Weak terminal feed demand and high inventories keep Chinese meal prices under pressure, reducing import demand for soybean meal and soybeans.
sunsirs.comAug 12, 2024Not 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.
