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China Feedtrade Net reported May 24, 2021 domestic feed ingredient averages: corn about 2,860 RMB/MT, soybean meal 3,410-3,590 RMB/MT (lower), rapeseed meal 2,925 RMB/MT (down 10), cottonseed meal 3,040 RMB/MT (up 50), and DDGS unchanged at 2,524 RMB/MT. Cottonseed meal output is limited as crushing margins shrink.
Softer domestic soymeal alongside tight cottonseed supply shows Chinese feed buyers substituting toward cheaper meals, which can cap soymeal demand while supporting cottonseed meal prices.
stcdie.comMay 23, 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.
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.
