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Chinese feed demand is rising ahead of the Spring Festival as farmers restock, with grain sales accelerating and feed companies buying more before the holiday. Breeding sow inventory has risen for three straight months and feed production for four consecutive months.
China's 2019/20 soybean imports are estimated at 87.68 million tons, up 6.1%.
Stronger feed demand from herd rebuilding supports demand for soybean meal and corn, which is bullish for feed ingredient prices and for China's import needs.
3tres3.comJan 20, 2020Not enough comparable past events yet for a historical read.
Not 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.
