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China's soybean meal market rose about 9% in early November to 5,586 yuan per tonne as imported soybean arrivals fell and crushing plants shut for maintenance. Soybean meal inventories dropped to a record low of 220,000 tons by end-October, nearly four times below July's peak.
Tight Chinese meal supplies and low inventories support demand for imported meal and beans, which lifts global soybean meal prices and draws in Brazilian supply.
sunsirs.comNov 10, 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.
