China Soymeal Price Has Risk of Slumping Later
By CnAgri2013-11-29 10:49:28
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Soymeal：On Nov. 27th, 2013, the average wholesale price of soymeal is RMB4215Yuan/MT, down 1.13% compared with last week. Suppressed by intensive arrival of imported soybean in late fourth quarter, domestic soymeal spot price has risk of slumping. But the decline rate is small currently. In view of stocks in oil plants, pre-sale contracts and American soybean futures, soymeal spot price shall decline but with limited rate. In overall, the rate is restrained if soymeal spot price rebounds, suppressed by seasonal soybean futures. (Table 3)
From “China Livestock and Feed Market Weekly Report”
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