China Soymeal Weekly: Soft US soy prices drag down China soymeal market (week ended Nov 1, 2013)
Amid the speculation of higher-than-expected production, US soy prices slipped by 2.6% from the previous week. In anticipation of an even weaker market, feed millers were withholding purchases and bought soymeal as and when required. Amid sluggish sales, China soymeal prices fell in all regions over the past week.