Loading…
SunSirs data shows Chinese meal prices rose in early October and then declined, with the average price falling 1.64% to 2,406 yuan per ton by October 30. Rapeseed meal imports were low early in the month, but rising arrivals and rebuilding stocks are expected to lift supply.
Expected supply growth combined with seasonal weakening of aquaculture feed demand points to lower meal prices and a range-bound market in China.
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.