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Chinese domestic soybean meal futures and spot prices rose slightly this week, and rapeseed meal also gained. The soybean-rapeseed meal price spread widened, with soybean meal showing the stronger trend.
Coastal vegetable oil prices also rose modestly.
Stronger Chinese meal prices and a wider soy-rapeseed spread favor soybean meal over rapeseed meal in Chinese feed formulation, supporting soy-based feed demand. Modest gains in Chinese meal prices point to firm but not dramatic feed-protein demand.
sunsirs.comNov 14, 2022Not 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.
