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China's soybean oil stocks have risen 50% this year as edible oil consumption slowed during COVID-19 lockdowns. Chinese crushers are restarting after pandemic cutbacks and are expected to add further to already high soyoil inventories.
Rising Chinese soyoil stocks and extra crushing add supply pressure on world soyoil prices, while the associated meal output weighs on meal values.
feedandgrain.comOct 2, 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.
