June 9, 2020                    
China Soymeal Weekly: Market stable as crushers stand firm (week ended Jun 8, 2020)    

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Market analysis
Soymeal market stayed stable despite slow demand. As profits were low with prices plummeting 14% in two months, crushers were reluctant to cut prices further.
Crushers will be prudent in negotiating prices with profit margins limited. However, high availability of soy, coupled with sluggish feed demand, will put a lid on the price of soymeal.
Full version of the report is available at https://spoutinfo.com/market-forecast-detail/31/32/271/1858

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