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SunSirs reported that China's domestic soybean meal inventories will keep building in July as large imported soybean cargoes arrive and crushers run at high rates. US soybean yield prospects improved after rain, pushing American prices lower.
Expected continued accumulation of meal stocks in China and weaker US soybean prices point to soft soymeal prices and reduced import pull.
sunsirs.comJul 17, 2024Not 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.
