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China's soybean meal index was 89.13 on March 5 and spot prices rose about 4.7% since early February to around 2970 yuan/ton. Logistics blockages and expected sharp drops in soybean imports tightened raw material supply while feed demand from pig and poultry farms increased.
Expected lower soybean imports and firm feed demand support Chinese meal prices, which raises feed costs for buyers.
sunsirs.comMar 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.
