China Soymeal Weekly: Price rises to 45-month high (week ended Jul 6, 2012)
Even as USDA revised higher the soy planting acreage, droughts in central-west regions of the US sent CBOT soy prices to four-year high during the period in review. On the back of CBOT's rally, China's soymeal prices soared for the consecutive fifth week, increasing by 13% accumulatively. At an average of RMB3,705/tonn ...
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