China Soymeal Weekly: Prices rebound; market outlook remains bleak (week ended May 4, 2015)
CBOT soy future soy futures prices rose significantly early last week before paring gains towards end of the week. This, together with the strikes in Argentina, helped to push up the prices of soymeal in China. However, as supplies remained plentiful, the price hikes were limited to less than 1%.
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