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Analysts at Guantong Futures expect domestic Chinese soybean meal prices to rise in the short term. Raw material shortages have eased, crushing supply is expected to increase in mid to late April, and piglet and fattening demand has rebounded.
Stronger hog-sector demand and a firmer soybean supply outlook support soybean meal prices in China. The forecast is a short-term market view rather than a new supply shock.
desk3.netApr 9, 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.
