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Chinese corn byproduct prices were mixed on November 9: protein powder and sprayed corn fiber prices were mostly steady, while corn germ meal fell 10 yuan per tonne in Jining. The report said firmer corn prices offered some support, but weak soybean meal markets and high operating rates left supply exceeding demand; near-term prices were expected to remain weak and steady.
High output and weak demand are limiting price support for corn byproducts, while stronger corn input costs provide a partial counterweight. This suggests little near-term price strength for these feed ingredients.
ncp.mysteel.comNov 9, 2026Not 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.
