Soymeal Price Up Boosted by High Soybean Price

By CnAgri2013-09-02 13:46:50 Print Soymeal: On Aug 28th, 2013, the average wholesale price of soymeal is RMB4277Yuan/MT, up 4.65% compared with last week. Though global soybean harvest is basically certain, American soybeans will still suffer from high temperature before middle and late September and “early frost” in early September. Soybean futures price in outer disk increased with impacts of high temperature and then domestic soymeal spot prices rose substantially. Be cautious of price falling down after sharp rise.

From “China Oil and Oilseeds Market Weekly Report”