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Chinese soybean meal averaged 2,924 RMB per ton on August 13, down 3.18% since August 1, falling below 3,000 RMB. China imported 9.853 million tons of soybeans in July, down 11.3% month on month, and inventories rose above 1 million tons from May to July.
Ample imported soybean supply and rising meal inventories keep Chinese meal prices weak, lowering the cost of feed protein for domestic buyers.
sunsirs.comAug 15, 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.
