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SunSirs reports China's average soybean meal spot price rose about 1.3% between November 22 and November 27 to around 3,022 yuan per ton. Chinese soybean oil plants began shutdown plans and meal inventories fell to about 700,000 tons.
Tighter domestic meal stocks and falling crush support Chinese meal prices, which can lift import demand for South American and US meal.
sunsirs.comNov 28, 2024Not 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.
