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The SunSirs soymeal index stood at 86.73 on January 7, with spot prices around $416 per ton, down slightly. Chinese demand remained weak as farmers sold hogs and soybean oil plants scheduled shutdowns ahead of the Spring Festival.
Weak Chinese meal demand and planned crush shutdowns keep downward pressure on soymeal prices, though low stocks limit the decline.
sunsirs.comJan 8, 2020Not 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.
