July 27, 2020
China Soymeal Weekly: Crushers' inventories dwindle rapidly amid strong demand (week ended Jul 27, 2020)
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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.
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