April 12, 2022

China Soymeal:  Prices fall to pre-war levels (week ended Apr 11, 2022)

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Over the week, the closing price of CBOT July soy futures rebounded  7.2%.


Soymeal production increased, hence exerting pressure on prices together with sluggish demand. Tumbling over the past two weeks, soymeal prices have fallen to below levels before the Russian-Ukrainian war.


Soymeal prices averaged RMB4,398/tonne, plunging  RMB331/tonne or 7% compared with the previous week.


Full version of the report is available at:  https://spoutinfo.com/market-forecast-detail/31/32/271/4039         


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