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Chinese soybean meal prices rebounded from weakness as the MOA tightened GMO certificate management, delaying imported soybean shipments and prompting some crushers to cut forward sales. Northern crushers also cut output under heating-season environmental curbs, tightening local meal supply.
Regulatory import delays and environmental output cuts tighten near-term Chinese meal supply, supporting soymeal prices despite roughly 7 million tons of soybeans stockpiled in port. Feed buyers should expect firmer meal prices in the short term.
en.cnagri.comNov 29, 2017After 172 past bullish policy events, Soybean Meal moved a median +0.0% over 5 sessions (50% higher; middle half -1.5% to +1.7%), and -0.8% over 20.
After 356 past bullish policy events, Soybeans moved a median +0.1% over 5 sessions (53% higher; middle half -1.2% to +2.3%), and -0.9% over 20.
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.
