Domestic Soymeal Market to Keep Weak

By CnAgri2013-11-15 10:24:44 Print

Soymeal：On Nov. 13th, 2013, the average wholesale price of soymeal is RMB4297Yuan/MT, down 0.08% compared with last week. Domestic soymeal market saw both increase and decrease and in general went weak. According to USDA report last Friday night, figures of American soybean export was raised, causing soybean stocks to decline and promoting futures price to increase, which brought domestic soymeal spot market to rebound. But the weak trend is hard to be improved since supply condition is not changed. Later, soymeal market price shall go on declining. (Table 3)



From “China Livestock and Feed Market Weekly Report”