CFO's 22 October update puts Chinese port fishmeal inventory at 233,590 tonnes, with weekly offtake of 31,440 tonnes. Pre-sales of new-season Peruvian super prime fishmeal were around USD 1,950 per tonne CNF with volumes above 155,000 tonnes, while port prices eased about RMB 100.
Soybean meal supply in China is ample as crushing runs at high rates.
Steady Peruvian pre-sales offset softer Chinese port prices, leaving fishmeal roughly flat, while ample soybean meal supply weighs on that feed price.
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.