China Soymeal Weekly: Soymeal market stays upbeat in China as CBOT soy breaks record (week ended Aug 31, 2012)
CBOT soy futures prices rose 1.4% over the week, contributing to the accumulated 7% surge during August. Fearing that prices would skyrocket with soy imports poised to stay low while prices escalate, several feed millers continued to stockpile inventories. Hence, soymeal prices rose further despite at slower rates.
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