Later Soymeal Price Saw Bearish

By CnAgri2013-02-01 11:27:53 Print     Soymeal：On Jan. 30th, 2013, the average wholesale price of soymeal is RMB3996Yuan/MT, down 0.27% compared with last week. Domestic soymeal spot price continued fluctuating with disk this week. With coming of Spring Festival, storage of soymeal spot is tight but with no pressure. As for market trend after Spring Festival, most people think it will be bearish with soybean harvest in South Africa. But previous speculation on weather shall still influence the disk. So it is advised to buy in appropriate time to minimize fluctuating risk. (Table 3)

 

From “China Livestock and Feed Market Weekly Report”