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China's feed industry is shifting toward compound feed, which is increasing soybean meal consumption. A USDA GAIN report indicates swine production is recovering after setbacks from African swine fever.
More large-scale farms are adopting compound feed.
Rising compound feed use supports Chinese soymeal imports and demand, which is supportive for soybean and soymeal prices.
asian-agribiz.comZahrah ImtiazNov 10, 2021Not 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.
