China Soymeal Weekly: China soymeal market firm despite weakened CBOT soy prices (week ended Dec 21, 2012)
CBOT soy futures dipped significantly as Chinese traders cancelled 960,000 tonnes of orders lately. Nonetheless, soymeal prices in China continued to soar as crushers who were making paltry profits raised prices while supplies remained tight. As buyers were stockpiling inventories before the year ended, soymeal market ...
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