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Chinese rapeseed meal prices averaged RMB 2336 per tonne at the end of the week of September 23-27, down 0.85% from the start of the week. Weak demand from the hog sector amid African swine fever and the pre-holiday period weighed on the market, though plant shutdowns for environmental inspections provided some support.
Lower Chinese meal demand due to swine fever reduces import interest in protein meals, which is bearish for meal prices globally, though the limited move signals a stable market.
sunsirs.comSep 29, 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.
