Spymeal Price to Decline Further with Soybean Supply Increase

By CnAgri2014-01-17 09:35:00 Print Soymeal: Domestic soymeal price declined this week. As expected, the newest monthly balance sheet showed soybean supply would keep increasing. Soybean futures price is pressed in the long terms. As for domestic soymeal spot market, feed enterprises slowed down purchasing but oil crushing plants had strong desire of delivering and some even declined price to stimulate delivering. With Spring Festival coming, soymeal spot market shall see limited decline in short terms but shall decline further more in the medium and long terms. (Figure 11)



From “China Oil and Oilseeds Market Weekly Report”