China Soymeal Weekly: Crushers cut prices amid subdued soymeal demand (week ended Jan 11, 2013)
CBOT soy futures prices continued to slide amid imminent increase in supplies due to Brazil's bumper harvest. In China, feed millers and large livestock producers limited purchases in anticipation of weaker soy soymeal prices. Crushers were therefore compelled to lower soymeal prices in a bid to entice buyers.
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