Soymeal Price Rebounded Driven by American Soybean Futures

By CnAgri2014-01-27 10:00:53 Print Soymeal：On Jan. 22nd 2014, the average wholesale price of soymeal is RMB3926Yuan/MT, up 0.77% compared with last week. Driven by resilience of American soybean futures, domestic soymeal market stopped declining to stabilized and even rose in some areas. As for market trend after Spring Festival, we still hold negative opinion and soymeal price has space to decline.(Table 4)



From “China Livestock and Feed Market Weekly Report”