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Tuesday, June 9, 2020
China Soymeal Weekly: Market stable as crushers stand firm (week ended Jun 8, 2020)
Soymeal market stayed stable despite slow demand. As profits were low with prices plummeting 14% in two months, crushers were reluctant to cut prices further.
Tuesday, June 2, 2020
China Soymeal Weekly: Market ends six-week tumble (week ended Jun 1, 2020)
Demand for soymeal showed little improvement while livestock prices stayed weak, hence curtailing the production of feed. However, soymeal prices, which have tumbled 14% since early April, consolidated higher as crushers stood firm poor ret ...
Tuesday, May 19, 2020
China Soymeal Weekly: Surging soy imports exert pressure on market (week ended May 18, 2020)
Feed producers continued to withhold buying in anticipation of weaker prices with the CBOT soy futures tumbling. Traders slashed prices to clear storage space in preparation for the upcoming wheat harvests.
Tuesday, May 12, 2020
China Soymeal Weekly: Traders clear stocks amid soft demand (week ended May 11, 2020)
Despite stronger CBOT soy prices, soymeal market weakened in China. Trade was light as feed producers limited buying in anticipation of weak prices. Meanwhile, several traders negotiated prices to clear stocks in preparation for the upcomin ...
Tuesday, May 5, 2020
China Soymeal Weekly: No signs of prices stabilising (week ended Apr 30, 2020)
Soymeal buyers were not eager to stock inventories in view of sliding prices amid ample availability. With shipments from Brazil arriving, soy crushing volumes in China are expected to increase to 1.75 million tonnes.
Tuesday, April 28, 2020
China Soymeal Weekly: Prices slid for the third week (week ended Apr 27, 2020)
Demand for soymeal remained slack as feed producers were reluctant to expand inventories with hog feed consumption limited. Hence, even as soy availability was tight while crushers' soymeal stocks stayed at ten-year lows, soymeal market was ...
Tuesday, April 21, 2020
China Soymeal Weekly: Market under pressure (week ended Apr 20, 2020)
As China's economy is expected to enter a recession due to the Wuhan coronavirus pandemic, feed producers withheld purchases of soymeal while hog feed consumption was only a fraction of previous years'. Hence, even as crushing volumes were ...
Thursday, April 16, 2020
China Soymeal Weekly: Prices consolidate lower after 14% rally (week ended Apr 13, 2020)
Prices softened lately. Over the week, prices of CBOT July soy futures closed 1.3% higher.
Wednesday, April 8, 2020
China Soymeal Weekly: Dwindling availability, strong demand lift prices (week ended Apr 6, 2020)
Prices continued to surge. Over the week, prices of CBOT May soy futures dropped 1.8% amid concerns of poor demand due to the Wuhan coronavirus pandemic.
Tuesday, March 31, 2020
China Soymeal Weekly: Prices surge 16% since mid-February (week ended Mar 30, 2020)
In China, prices of soymeal climbed further with crushing volumes shrinking. Since the Chinese New Year holidays ended in mid-February, soymeal prices have surged 16% although feed demand remained weak due to low animal population.
Tuesday, March 24, 2020
China Soymeal Weekly: Prices soar on dwindling availability (week ended Mar 23, 2020)
As soy imports were limited during March, several crushers halted operation resulting in tightened availability. Feed millers eagerly stocked soymeal inventories amid concerns that supplies might be scarce should soy shipments drop further.
Monday, March 9, 2020
China Soymeal Weekly: Sharp price hikes on tight availability, strong buying interest (week ended Mar 9, 2020)
Buyers stocked inventories of soymeal enthusiastically amid concerns that deliveries might be problematic should the Wuhan virus (Covid-19) outbreak turn for the worse. Hence even as CBOT soy prices stayed flat while feed demand remained sl ...
Tuesday, April 9, 2019
China Soymeal Weekly: Demand under long term pressure amid dwindling sow population (week ended Apr 8, 2019)
Feed consumption remained slow with the population of hog, particularly that of sow, staying low. In view of a favourable negotiation outcome between the US and China, which would result in ample imports of soy, feed producers continued to ...
Thursday, April 4, 2019
China Soymeal Weekly: Cautious buying weighs on market (week ended Apr 1, 2019)
Following the recent week's upsurge, the demand for soymeal slackened as buyers turned cautious. Moreover, with the quantity of hog staying low despite the strengthening of prices, feed producers remained cautious in stockpiling soymeal inv ...
Tuesday, March 26, 2019
China Soymeal Weekly: Prices rise on improved demand (week ended Mar 25, 2019)
Soy planting acreage in China is expected to expand in the coming season as the state subsidy for soy is RMB200/mu more than corn.
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