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Chinese market commentary says cottonseed meal has become priced off soybean meal, with Shandong 46% protein cottonseed meal trading about 400 yuan/ton over 43% soybean meal. Soybean meal's shortage is easing and its late-season rally is weak.
Cottonseed meal supply is rising while aquaculture feed demand shrinks.
Cottonseed meal is tied to soybean meal pricing, and its weaker demand and rising supply point to softer cottonseed meal prices for feed buyers.
sjfzxm.comNov 8, 2016Not 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.
