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A nutrition industry report says cereal and vegetable oil prices are rebounding strongly, with Australian wheat production cut. It notes oil prices jumped after the Saudi refinery attack, weighing on energy-linked substitutes.
It also says China's pig feed output is estimated to fall about 30 percent, reducing soybean meal use by around 20 million tonnes.
Sharply lower Chinese pig feed demand cuts soymeal consumption, pressuring protein meal prices, while the Australian crop cut and higher energy prices support grain and vegetable oil values.
nutrinews.comAndrea MalaguidoSep 27, 2019Not 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.
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.
