China Soymeal Weekly: Buyers withhold buying in view of weaker prices (week ended Jul 13, 2014)
Fair weather conditions in the planting regions of the US hammered CBOT soy futures prices over the week. Feed millers withheld buying in anticipation of lower soymeal prices in China. As the weekly transaction volume for soymeal shrank tremendously by 28%, inventories of major crushers expanded by 8%, exerting pressur ...
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