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Monday, July 27, 2020
China Soymeal Weekly: Crushers' inventories dwindle rapidly amid strong demand (week ended Jul 27, 2020)
Anticipating soy harvests to be poorer than expected, buyers eagerly stockpiled inventories of soymeal. Inventories of crushers dwindled rapidly over the past two weeks. Some crushers reported that pre-orders were so strong that at least ha ...
Wednesday, July 8, 2020
China Soymeal Weekly: Strong price rebound (week ended Jul 6, 2020)
Prices of soymeal increased as crushers were wary of the surge in the import costs of US soy beans. However, with weekly crushing volumes staying above 2 million tonnes, and the production of feed limited, soymeal inventories of sellers exp ...
Tuesday, June 30, 2020
China Soymeal Weekly: Market stable, sales limited (week ended Jun 29, 2020)
Soymeal sales were limited as feed producers continued to hold back purchases. This, together with expanding crushers' inventories, put a lid on soymeal prices.
Tuesday, June 23, 2020
China Soymeal Weekly: Prices consolidate lower on cautious demand (week ended Jun 22, 2020)
China held its second round of reserves soy auction on June 19. With demand robust, closing prices were high and the 47,579 tonnes offered were fully sold within minutes.
Wednesday, June 17, 2020
China Soymeal Weekly: Lacklustre demand, weak prices (week ended Jun 15, 2020)
Demand for soymeal remained soft while the sales of hog feed were limited. Meanwhile, new outbreaks of the Wuhan coronavirus in Beijing sparked fears that the second wave of the pandemic might have started in China. Buyers withheld buying a ...
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.
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