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Chinese domestic soybean meal spot prices rose 20-50 yuan to 2920-2980 yuan/ton in the week to Thursday. Fishmeal's external CNF price held at about $1500/ton while the domestic Chinese fishmeal market weakened.
Expectations of continued Sino-US trade friction and oil mill price support keep soybean meal firm, while Peru's near-complete fishing quota and low fishmeal availability support external fishmeal prices despite weaker domestic demand.
topshine-group.comAug 6, 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.
