Domestic Soymeal Market to Keep Weak

By CnAgri2014-01-14 09:36:02 Print Soymeal：On Jan. 8th 2014, the average wholesale price of soymeal is RMB3981Yuan/MT, down 2.79% compared with the week before New Year. USDA will publish cereal quarterly stocks and monthly supply and demand report this Friday, which will guide domestic and international spot and futures market. As for domestic soymeal spot market, in spite some oil plants stopped production due to shipment delay, the operating rate still kept high, plus with weak demand from terminal end, soymeal stocks increased instead of declining, which struck spot market further more. BOABC predicts domestic soymeal spot market shall keep weak with fluctuation in recent. (Table 4)



From “China Livestock and Feed Market Weekly Report”