Soymeal futures oscillated higher and coastal mill spot quotes rose by 60-80 yuan per ton. On November 11, DDGS prices in China were 2000-2140 yuan/t in Heilongjiang, 2130-2280 yuan/t in Jilin and 2080-2100 yuan/t in Henan, with corn ethanol producers' DDGS prices stable to slightly firmer and trade improving.
Firmer soymeal prices support DDGS as a substitute, while feed firms cutting inventory and soymeal inclusion rates limit demand; the outlook points to stable short-term DDGS prices in China.
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.