China Soymeal Weekly: Soft CBOT soy, subdued demand drags down China soymeal prices (week ended Mar 31, 2013)
CBOT soy futures prices dipped as US soy inventories were substantially above market expectations. Falling CBOT soy prices dragged down China soymeal prices in conjunction with slack domestic demand. Due to slow feed consumption, feed millers continued to limit purchases in anticipation of lower prices with supplies po ...