China Soymeal Weekly: Crushers slash prices to move sales (week ended Jul 31, 2016)
CBOT soy futures prices consolidated higher after the recent week's sharp fall. Soymeal prices continued to drop by almost 2% in China amid lacklustre demand. Feed millers were reluctant to stockpile high inventories and allowed the stocks of soymeal to dwindle while feed sales remained below expectations.
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