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China's weekly soybean crush fell 5% week on week to 1.57 million tonnes and 14% year on year, as negative crush margins and weak hog margins curb meal demand. Soymeal stocks rose to 874,000 tonnes.
Argentina's corn harvest reached 47.6% complete.
Lower Chinese crush and rising soymeal stocks weigh on soymeal demand and prices, while Argentine harvest progress adds corn supply pressure.
feedandgrain.comKevin McNewJun 25, 2021Not 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.
