China Soymeal Weekly: Price plunges amid weak CBOT soy (week ended Sep 21, 2012)
The soy harvest in the US appeared to exceed previous bleak forecasts, resulting in weak CBOT soy futures prices. Consequently, soymeal prices in China fell in tandem as buyers limited purchases even though pre-festive stockpiling was in progress. On average, soymeal price dipped 4.2% during the week in review.
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