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Animal feed compounders are substituting cheaper soybean meal for DDGS, which has become more expensive as ethanol production falls. Reuters reports that China is importing less soymeal, leaving extra supply that is pushing soymeal prices down and improving feed margins.
The shift follows the ongoing trade war with China.
Soymeal oversupply lowers feed costs and supports demand for it, while the reduced DDGS availability keeps DDGS prices firm.
biofuelsdigest.comMeghan Sapp2019年1月21日在过去 384 次看跌的贸易事件之后，豆粕 在 5 个交易日内中位数变动 -0.2%（47% 上涨；中间一半区间为 -1.7% 至 +1.6%），20 个交易日内为 -0.5%。
历史可比事件尚不足，暂无法给出历史解读。
各商品基准价相对事件前最后收盘价的变动。历史数据汇总同类过往事件；仅描述已发生的情况，不代表未来走势。不构成投资建议。
