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Chinese spot soymeal prices reached record highs, with the average hitting 5,352 yuan per tonne on Friday and some cash prices in Xi'an reaching 5,600 yuan. Soymeal stocks fell for ten straight weeks to 493,000 tonnes, well below the five-year average, as soybean imports slumped 25% year on year in August.
Low crusher run rates and tight meal stocks ahead of China's National Day restocking support soymeal prices and import demand, while higher hog prices boost feed demand.
datamarnews.comGabriel MalheirosSep 26, 2022
spglobal.comSep 26, 2022Not enough comparable past events yet for a historical read.
Not 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.
