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China's domestic soybean meal inventories fell to about 1 million tons from 1.5 million in early September, according to the China National Grain and Oil Information Center. Lower imported soybean arrivals at ports after November are expected to cut stocks further.
Tightening domestic soymeal stocks and reduced import arrivals support higher Chinese soymeal prices, which can firm global meal export demand.
tridge.comVictor LangatNov 1, 2024Not 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.
