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SunSirs reports China's soybean meal average price fell from 5,012 RMB/ton in early September to 3,956 RMB/ton on December 26, a drop of 21.07%. The decline is attributed to loose supply of imported soybeans, with record-level commercial inventories and steady imports.
Heavy Chinese soymeal supply and weak domestic demand push meal values lower, which pressures global soymeal export prices and feed ingredient costs for buyers.
sunsirs.comDec 27, 2023Not 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.
