January 11, 2017
China Soymeal Weekly: Prices fall prominently on excess supply (week ended Jan 9, 2017)
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Price summary
Prices moved lower.
Weekly transacted prices of soymeal in China | ||||
Region |
Protein content (%) |
Price as of Jan 2 |
Price as of Jan 9 |
Price change |
Heilongjiang |
43% |
3,450 |
3,450 |
0 |
Liaoning |
43% |
3,530 |
3,440 |
-90 |
Hebei |
43% |
3,220 |
3,220 |
0 |
Shandong |
43% |
3,400 |
3,200 |
-200 |
Jiangsu |
43% |
3,380 |
3,250 |
-130 |
Guangdong |
43% |
3,330 |
3,180 |
-150 |
Prices are representative and are for reference only. |
Market analysis
CBOT soy March futures prices slid almost 1% during the week in review.
Total transaction volume of soymeal dropped prominently by 40,000 tonnes to 150,000 tonnes over the week amid slackened demand. This, together with higher crushing rates, which lifted output of soymeal by 1.35% to 1.8 million tonnes, dragged down prices by 2.8%.
Market forecast

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