China Soymeal Weekly: Prices dip amid higher supply, slack demand (week ended Oct 16, 2016)
November CBOT soy futures consolidated higher over the week despite the soy harvest approaching. Soymeal futures prices tumbled over 2% in Dalian Commodities Exchange. This, together with higher crushing rates, which lifted weekly output by 1.59 million tonnes, dragged down spot prices of soymeal by 2.8%.
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