May 19, 2020                           
 
China Soymeal Weekly: Surging soy imports exert pressure on market (week ended May 18, 2020)
                                                                                  
An eFeedLink Exclusive
 

Price summary
 
Prices slid further.
 
 
Market analysis
 
Feed producers continued to withhold buying in anticipation of weaker prices with the CBOT soy futures tumbling. Traders slashed prices to clear storage space in preparation for the upcoming wheat harvests.
 
With imports plentiful and feed producers treading prudently, soymeal prices will stay soft in Q2.
 
Full version of the report is available at https://spoutinfo.com/market-forecast-detail/31/32/271/1781
 


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