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China's soybean meal market rose about 5% in October, with the mainstream spot quotation returning to around 5,300 yuan per ton on October 26. Strength in US beans and firm terminal feed demand supported the late-month rally after a mid-month pullback.
Rising Chinese meal prices and steady feed demand point to firmer import demand for soybean meal and soybeans, supporting world meal prices for feed buyers.
sunsirs.comOct 27, 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.
