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Monday, August 2, 2021
China Soymeal: Cautious mood curtails demand (week ended Aug 2, 2021)
Demand for soymeal was weak as hog farmers suffered substantial losses. Furthermore, feed producers were worried that the severe floods in Henan province, which produces about 10% of hog in China, would further weaken the demand for hog fee ...
Wednesday, June 30, 2021
China Soymeal: Ample supply, cautious demand (week ended Jun 28, 2021)
Over the week, prices of CBOT November soy futures closed lower by 3.3% compared with the previous week.
Tuesday, May 18, 2021
China Soymeal: Market strengthens on high import costs, lower projected production (week ended May 17, 2021)
China's Agricultural Department projected soy planting acreage to shrink by 5.4% in 2021, decreasing soy production by 4.8% to 18.65 million tonnes. This, together with high import costs of US soy, lifted prices of soymeal substantially.
Tuesday, May 4, 2021
China Soymeal: Market strengthens despite cautious demand (week ended May 3, 2021)
Over the week, prices of CBOT July soy futures strengthened 1.2%.
Monday, April 26, 2021
China Soymeal: Prices rebound strongly to six week high (week ended Apr 26, 2021)
Soymeal prices rebounded strongly to six week highs as crushers lifted prices while CBOT soy futures rallied. Nonetheless, buyers were cautious while feed production was limited.
Monday, April 12, 2021
China Soymeal: Supply rise, demand fall hold prices flat (week ended Apr 12, 2021)
Soymeal prices consolidated higher as buyers increased stockpiles prudently while prices were low. However, with 10 million tonnes of Brazilian soy projected to arrive in May, price rise was marginal.
Monday, April 5, 2021
China Soymeal: Prices stabilise on improved demand (week ended Apr 5, 2021)
Low costs of soymeal attracted some buyers to stockpile inventories, albeit cautiously. Crushers, who limited production, held prices firm to sustain profit margins.
Wednesday, March 31, 2021
China Soymeal: Prices plunge 23% from January peak (week ended Mar 29, 2021)
Weekly soymeal prices plummeted a whopping on average. From early January's peak of RMB4,047/tonne, soymeal prices have dropped 23%.
Monday, March 22, 2021
China Soymeal: Sharp price falls amid weak demand, excess supply (week ended Mar 22, 2021)
Over the week, prices of CBOT May soy futures inched up 0.21%.
Monday, March 15, 2021
China Soymeal: Prices tumble further, 13% below January peak (week ended Mar 15, 2021)
Weal demand continued to drag down soymeal prices as hog feed producers limited production. From early January's peak of RMB4,047/tonne, soymeal prices have plummeted 13%.
Monday, March 8, 2021
January-February China soybean imports drop slightly due to shipment delay
China's General Administration of Customs said the country's soybean imports for January and February 2021 are slightly lower compared to last year as Brazil rains delay shipments, Reuters reported.
Monday, March 8, 2021
China Soymeal: Sharp price falls amid tepid demand, ample availability (week ended Mar 8, 2021)
Over the week, prices of CBOT May soy futures strengthened 1.8%.
Tuesday, March 2, 2021
China Soymeal: Prices consolidated lower amid slack demand (week ended Mar 1, 2021)
Over the week, prices of CBOT May soy futures increased 1.8% amid concerns over harvests in Brazil.
Tuesday, February 23, 2021
China Soymeal: Low hog feed demand set to curtail sales (week ended Feb 22, 2021)
Prices of soy oil remained strong, motivating crushers to step up production, which in turn supressed soymeal prices as a result. Sales were negligible over the past two weeks due to the Chinese New Year holidays while prices remained flat.
Monday, February 8, 2021
China Soymeal: Soft pre-festive market (week ended Feb 8, 2021)
Lockdowns in several cities of China resulted in delivery difficulties and a rise in transportation costs, hence curtailing the sales of soy and soymeal. Additionally, pre-Chinese New Year stockpiling gradually ended as most buyers have acc ...
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