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SunSirs expects Chinese soybean meal prices to stay volatile and weak in August and September. Domestic meal inventory reached a record 1.5 million tons, and US soybean prices fell below 1,000 cents per bushel after USDA raised production.
Record Chinese meal stocks and cheaper US beans point to continued pressure on meal prices, with limited downside as crush margins compress and buyers restock ahead of US-sourced arrivals.
sunsirs.comAug 13, 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.
