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Chinese feed ingredient prices on February 4, 2021 were mostly flat to slightly higher, with corn at 2884.21 RMB/MT and soybean meal at 3670-3900 RMB/MT. Rapeseed meal rose 40 RMB/MT, tracking overnight gains in US soybeans and soybean meal.
Rapeseed meal and soybean meal prices in China track US soybean futures, so overnight US gains transmit directly into Chinese protein meal costs. Limited inventories in the pre-holiday period support a firm tone.
stcdie.comFeb 3, 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.
