Poultry
xClose

Loading ...
Swine
xClose

Loading ...
Dairy & Ruminant
xClose

Loading ...
Aquaculture
xClose

Loading ...
Feed
xClose

Loading ...
Animal Health
xClose

Loading ...
RSS

December 30, 2011
 
China Soymeal Weekly: South American weather woes buoy market (week ended Dec 30, 2011)
 
An eFeedLink Exclusive
 
 
Price summary
 
Prices were higher.
 

Weekly transacted prices of soymeal in China

Region

Protein content (%)

Price as of Dec 23
(RMB/tonne)

Price as of Dec 30
(RMB/tonne)

Price change
(RMB/tonne)

Heilongjiang

43

3,060

3,100

40

Liaoning

43

3,000

3,020

20

Hebei

43

2,930

3,000

70

Shandong

43

2,820

2,900

80

Jiangsu

43

2,820

2,900

80

Guangdong

43

2,780

2,900

120

Prices are representative and are for reference only.
RMB1=US$0.1578 (Dec 30)

 
 
Market analysis
 
China's soymeal prices climbed further led by CBOT soy hike, as persistently dry South American weather posed risk to the region's corn and soy crops. 
 
 
Market forecast
 
In the short run, soymeal prices will likely find support in the uncertain outlook for South American soy yield. However, soft feed demand and growing soymeal supplies at home should limit the upside momentum. 
 

 

    
All rights reserved. No part of the report may be reproduced without permission from eFeedLink.

/span
Share this article on FacebookShare this article on TwitterPrint this articleForward this article
Previous
My eFeedLink last read