September 28, 2023
China Soymeal: Prices plummet 6% in three weeks (week ended Sep 25, 2023)
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Over the week, the closing price of CBOT November soy futures plummeted 3.4%.
Soymeal prices continued to fall for the third consecutive week as global soy prices continued to plummet. Over the past three weeks, soymeal prices have plunged 6.1%
Soymeal prices averaged RMB4,588/tonne, decreased by RMB87/tonne or 1.8% compared with the previous week.
Falling below prices in the same period of 2022 for the first time in 10 weeks in the recent week, soymeal prices are expected to stay weak in the near term.

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