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Chinese soybean meal prices rose over the week to February 13, with the average spot price up 2.59% to 2862 RMB/ton from 2790 RMB/ton on February 5. The Dalian-style M2005 futures closed at 2684 RMB, up 34 RMB.
Analysts pointed to the USDA February report, which projected larger Chinese soybean imports and higher US meal output.
Higher Chinese meal prices and tighter rapeseed meal supply support demand for soybean meal in the feed market, pointing to firmer global meal prices in the near term.
sunsirs.comFeb 14, 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.
