
Chinese soybean meal demand is weakening as livestock farms, including unprofitable pig producers, cut the share of meal in rations. The domestic base price was 3,070 yuan per ton at month-end, and Daylian meal futures-linked prices slipped to a one-week low of $423.27 per ton on November 21.
Reduced feed demand from China's livestock sector limits upside in soymeal prices despite supportive CBOT soybean moves, and traders may shift toward cheaper Brazilian beans.
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.