January 5, 2021
China Soymeal: Further cost surge strengthens prices (week ended Jan 4, 2020)
Over the week, prices of CBOT March soy futures surged another 3.7% to six and a half year high.
Crushers lifted soymeal prices as the costs of imports surged further. Meanwhile, the operation rates of crushers fell below expectations, hence tightening the availability of soymeal.
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