China Soymeal Weekly: Crushers slash prices amid mounting pressure (week ended May 21, 2018)
Prices of CBOT July soy futures closed 1.9% lower, falling to six-week low levels. Feed sales were poor as livestock markets continued to underperform. Inventories of soymeal mounted amid sluggish demand, compelling crushers to slash prices by a whopping 3.6% in attempts to clear stocks.
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