Soymeal Price Edged up Driven by Soybean Futures Rebound

By CnAgri2014-03-28 09:53:06 Print Soymeal: On Mar. 26th, 2014, the average wholesale price of soymeal is RMB3646Yuan/MT, up 1.13% compared with last week. With tight supply, soybean futures price rebounded, which underpinned the long-term weak soymeal spot market to raise with outer disk and led users with low level of stocks to purchase, relieving stocks pressure of soymeal in oil plants. Based on current supply and demand, however, BOABC predicts soymeal market price shall neither rise nor decline significantly in recent. (Table 3)　



From “China Livestock and Feed Market Weekly Report”