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China's soymeal futures on the Dalian exchange rose 4.45% to a record 4,038 yuan per tonne on Thursday. Crushers came back from the Lunar New Year holiday to insufficient bean arrivals from South America, and several large plants have planned curtailments, while the government plans to release reserve soybeans.
Crusher curtailments in China reduce meal output and tighten the market, supporting soymeal prices, though state reserve releases could ease bean tightness if volumes are large.
financialpost.comReutersFeb 24, 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.
