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Chinese soybean meal prices fell below 3,300 yuan per ton in April, down 5.68% from April 1 to April 12, and hit a 2024 low on April 14. Imported soybean volumes in January to March were down 10.8% year on year.
Weak Chinese domestic meal prices and bearish sentiment point to lower meal import demand and downward price pressure on soybean meal.
sunsirs.comApr 16, 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.
