China’s soybean oil and soybean meal prices fell over the week, while corn prices rose; cotton was little changed and apple prices declined. Soybean oil was pressured by weaker overseas soybean prices, ample domestic supply and slow inventory drawdown, while high soybean meal stocks and soft feed demand weighed on meal prices.
Corn gained as processors in North China raised bids to replenish stocks.
Weak meal demand and abundant stocks weigh on soybean meal prices, while ample soybean oil supply pressures oil prices. Processor restocking and low arrivals support corn prices in parts of China.
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.