Soymeal Wholesale Price On Aug 14th, 2013

By CnAgri2013-08-16 14:04:31 Print Soymeal：On Aug 14th, 2013, the average wholesale price of soymeal is RMB3960Yuan/MT, up 2.37% compared with last week. In the latest monthly USDA report, per unit area yield of American soybean is significantly declined, resulting in great decrease of yields and ending stocks. Boosted by the report and uncertainty of weather condition in autumn, CBOT soybean futures price raised sharply 3%, the biggest daily raising pace in recent one year, which caused price soaring in domestic oil plants. Domestic soymeal spot price is predicted to fluctuate with disks and soybean oil market shall go weak. (Table 3)



From “China Livestock and Feed Market Weekly Report”