On November 12, Jinshahe by-product quotes showed mixed wheat bran at 1,504 yuan/t in Anhui, 1,404 yuan/t in Shandong, 1,504 yuan/t in Shaanxi and 1,664 yuan/t in Chongqing. Middlings and special flour quotes were also reported in several provinces.
Mills were running at normal rates and market trading was steady.
Stable wheat bran and middlings prices indicate balanced domestic feed supply in China with no new cause for a price move. Regional differences in bran quotes reflect local freight and milling costs rather than a shift in overall demand.
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.