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China's soymeal inventories tripled over three months as large soybean arrivals met weak feed demand, with weekly stocks rising 14% to 1.09 million tonnes. The Dalian soymeal most-active contract fell nearly 6% on June 23, and soybean oil fell 4%, while Chicago soybeans had dropped about 20% in two weeks.
Heavy Chinese meal stocks and weak hog-driven demand signal lower import pull for soybeans and soymeal, pressuring global soybean and meal prices.
ukragroconsult.comJun 24, 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.
