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Chinese spot soybean meal averaged 5,500 yuan/mt on September 26, up 8% week on week and a record high, as lower imported soybean arrivals in the third quarter left crushers short of beans. Demand from hog farmers and feed buyers ahead of the National Day holiday has added to the upward pressure.
Tight Chinese crush and strong hog-feed demand keep soymeal prices elevated, supporting global soybean and meal values until supply eases around November.
spglobal.comMelody LiSep 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.
