China Soymeal Weekly: China's buying lifts CBOT soy price, strengthens domestic soymeal market (week ended Apr 27, 2012)
China's soymeal markets were strengthened by CBOT soy futures, which rose on strong export sales to China and waning crop prospect in South America. Although Chinese traders are aggressive in the global market, buyers stay cautious domestically. This will limit the upward potential of soymeal market.
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