SunSirs estimates China's soybean crushing will fall to about 8 million tonnes in January as weekly crush drops to 1.75 million tonnes over the New Year holiday. Meal output is seen near 6.4 million tonnes, and domestic plant inventories are expected to fall to around 900,000 tonnes by month-end.
Lower Chinese crush and falling plant meal stocks tighten domestic supply heading into the Spring Festival restocking period, supporting meal prices. Import demand from China for soybeans and meal could firm as the holiday passes.
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.