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Chinese soybean prices jumped 22% in March as coronavirus disruptions hit global supply, and tighter soymeal supply has raised feed costs for pig farmers. Hog farmers report feed prices up about 5% since April, while still recovering from African swine fever.
Tight soymeal supply and higher soybean costs in China point to firm soybean and soymeal prices, although the rally reflects supply disruption that could ease.
scmp.comAmanda LeeMay 8, 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.
