China Soymeal Weekly: Price hits 19-month high (week ended Jun 29, 2012)
Shrinking inventories of soy in the US together with pessimistic outlook of the country's coming soy harvest supported CBOT soy futures market to strengthen further. In China, feed demand for soymeal remained slow as most hog farms continued to be making losses. Nonetheless, crushers continued to increase prices amid r ...
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