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UOB Kay Hian says soybean planting is expected to keep rising to meet growing Chinese demand as meat consumption grows. It notes that ample soybean supply caps soybean oil and palm oil prices, while Wilmar benefits as a major soymeal supplier to China's feed industry.
Ample soybean supply pressures soybean oil and palm oil prices, while sustained Chinese meat-driven demand supports soymeal use in feed.
research.sginvestors.ioSGinvestorsJun 29, 2017Not 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.
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.
