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Chinese soybean meal spot prices fell to around RMB 3100-3200 per tonne in early November, down 30-50 yuan. The decline followed weak futures and a slow pace of feed purchases as pig herd recovery continues.
Weak Chinese meal demand and purchases on need only keep meal prices soft, while U.S. harvest progress adds supply pressure.
sunsirs.comNov 11, 2019Not 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.
