China Soymeal Weekly: Stronger confidence in livestock markets underpin prices (week ended Dec 14, 2012)
USDA revised lower US soy stocks, the reduction was not prominent enough to tip the supply-demand balance of the market. Hence, CBOT soy futures prices stayed firm but fell short of a strong rally. In China, soymeal prices rose further in most regions while feed demand strengthened amid stronger stockpiling interest.
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