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National soybean meal spot prices averaged RMB 3,293/MT, down 1.6% on the week, as possible improvement in China-U.S. trade relations weighed on sentiment. Rapeseed meal fell 2.7% to RMB 2,293/MT and cottonseed meal fell 0.8% to RMB 2,675/MT, with weak demand after the aquaculture peak adding pressure.
Lower Chinese meal prices reduce import parity and demand for competing protein meals, which weighs on oilmeal prices globally. Buyers can expect softer meal values while trade talks remain unresolved.
en.cnagri.comDec 6, 2018Not 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.
