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