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Chinese soybean and soymeal futures jumped on Wednesday, with beans posting their biggest daily gain in a decade, after data showed a drop in soybean imports. Analysts said the fall raised worries about fourth-quarter supply, though domestic inventories remain near record highs.
Expected tighter Chinese supply in the fourth quarter supports soybean and meal demand, though high stocks limit the rally's durability.
reuters.comAug 8, 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.
