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SunSirs reports Chinese soybean meal prices fell about 1.2% year to date to 3,182 yuan per ton as of December 16, after a brief rebound when US soybeans rose. Imports of soybeans reached 9.59 million tons in November, a sharp year-on-year increase, and terminal feed demand was weak.
Weak Chinese meal demand and heavy imports pressure domestic meal prices, though rising US soybean prices may offer some support.
sunsirs.comDec 17, 2020Not 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.
