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The wholesale price of soybeans in China rose to 6.3 yuan/kg in the first week of November, up 10% week on week. The increase reflects recovering hog production and higher demand for animal feed.
Rising hog-driven feed demand in China supports soybean and soymeal prices, although the increase is a domestic wholesale move and the report is a routine price update.
tridge.comLei WangNov 8, 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.
