# October 2019: Strong rebound in global cereal prices   - nutriNews, la revista de nutrición animal

> 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.

- Date: 2019-09-27 · published 2019-09-27T12:00:00.000Z
- Category: market · region Global · magnitude medium
- Page: https://feedsoft.ai/events/57139-october-2019-strong-rebound-in-global-cereal-prices-nutrinews-la-revista-de
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

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.

## Read by commodity

- SBM: bearish ▼
- SBO: bullish ▲
- WTI: bullish ▲
- WHEAT: bullish ▲

## Sources

- nutrinews.com: https://nutrinews.com/en/octubre-2019-solido-repunte-del-precio-mundial-de-cereales-2/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.