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Chinese soybean meal and soybean oil futures surged after the Lunar New Year holiday, nearly hitting daily limits. Cottonseed and cotton linter prices rose, with linter up over 300 yuan/mt since New Year's Day and cottonseed offers climbing 200-400 yuan/mt.
Stronger soymeal and soyoil futures lift the value of cottonseed meal and oil as substitutes, supporting cottonseed meal prices for feed buyers. Low ginner inventories and restocking demand reinforce the upward move.
chinatexnet.comFeb 28, 2025Not enough comparable past events yet for a historical read.
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.
