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Ukragroconsult republishes the Reuters report that China faces a soybean oversupply as record purchases build stockpiles while animal feed demand stays subdued. Soyoil and soymeal prices are expected to fall further, and the surplus may curb imports during the September-December U.S. export peak.
Weak Chinese crush margins and reduced import appetite pressure soybean and meal prices, which were already near four-year lows, and could weigh on U.S. export demand.
ukragroconsult.comJul 22, 2024
tridge.comVictor LangatJul 22, 2024Not 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.
