Soymeal Wholesale Prices in Major Provinces on Sept. 11th

By CnAgri2013-09-13 11:34:55 Print Soymeal：On Sept. 11th, 2013, the average wholesale price of soymeal is RMB4320Yuan/MT, up 0.89% compared with last week. Despite major forecasters have lowered down U.S. soybean yield forecast and monitoring shows that drought weather will still be noted in the following two weeks, American soybeans are still blocked from going up lack of favorable factors. USDA supply and demand report will be released this Thursday and the yield is predicted to lower down but with limited pace. Soybean futures price in outer disk is predicted to fluctuate within USD1350-1400 cents/ bushel and will break through 1400 cents/ bushel with weather cooperation. As for domestic soymeal spot, most coastal oil plants have no pressure in stocks and the contracts are at high level. Domestic soymeal market is predicted to fluctuate with disk. (Table 3)



From “China Livestock and Feed Market Weekly Report”