SunSirs reports that imported soybean arrivals at Chinese ports in June are projected to exceed 10 million tonnes, with oil mill crushing holding near 2.2 million tonnes. Soybean meal inventories are expected to rise about 200,000 tonnes month-on-month to roughly 500,000 tonnes by month-end, though still below last year and the three-year average.
Heavy crush and weak hog-sector feed demand point to ample soymeal supply and bearish pressure on meal prices, although low inventories limit the downside.
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.