China Soymeal Weekly: Soymeal prices rebound amid concerns over US soy acreage (week ended Jun 28, 2015)
Concerns over adverse weather conditions in the US soy planting regions continued to drive up CBOT soy futures prices. Feed millers increased stockpiles fearing that soaring soy futures prices would fuel a rally in soymeal market. The average soymeal stocks of end users rose from 7-10 days to 10-15 days usage volumes.
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