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Chinese 43% soybean meal prices rose about 2% over the National Day holiday to RMB 3106 per ton on October 7. The increase followed a USDA quarterly stocks report that lifted US soybean futures more than 4% in a week, plus soybean oil plant maintenance that tightened meal supply.
Tight domestic Chinese meal supplies and firmer US futures support soybean meal prices in the short term, raising feed costs.
sunsirs.comOct 8, 2019Not 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.
