July 27, 2020           
 
China Soymeal Weekly: Crushers' inventories dwindle rapidly amid strong demand (week ended Jul 27, 2020)
 
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Market analysis
 
Anticipating soy harvests to be poorer than expected, buyers eagerly stockpiled inventories of soymeal. Inventories of crushers dwindled rapidly over the past two weeks. Some crushers reported that pre-orders were so strong that at least half of August production had been taken up.
 
From late June's lowest point for the year, soymeal prices have surged almost 10% in China.
 
Full version of the report is available at https://spoutinfo.com/market-forecast-detail/31/32/271/2058
 


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