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Soybean demand in China appears unusually robust despite the culling of pigs due to African swine fever, according to INTL FCStone analyst Darin Friedrichs. He suggests farmers may be switching from food waste to manufactured feed, and China's shipments may be on pace to top US government forecasts.
Stronger Chinese crush and feed demand supports soybean and soybean meal prices and US export prospects, even as hog numbers fall.
cnbc.comHuileng TanJul 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.
