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Chinese oilseed traders said the new government feed protein guidelines would have limited effect on soy demand. Traders said the guidelines are not enforceable and that rising soymeal and soybean prices, which had climbed about 20 percent since January, would curb feed use more.
Most big feed mills were already using less soymeal than last year.
Trader skepticism suggests the feed guideline cut to soy demand may be smaller than headline figures imply, so soymeal prices may stay supported by current high costs rather than fall on policy alone.
business-standard.comReutersOct 29, 2018
thepoultrysite.comGlobal Ag MediaOct 29, 2018Not 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.
