China Soymeal Weekly: Soft CBOT soy, subdued demand hold soymeal market weak (week ended Jun 14, 2013)
CBOT soy future prices stopped rising of late as USDA estimated record-high planting yields. In China, soymeal supplies increased with more imports arriving. Demand wise, feed millers limited purchases while feed consumption improved slowly during May, while soy supplies from South America are expected to rise.
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