Animal Feed Ingredient Market Information In China On December 25, 2020
Leave a message
Feed Ingredient Price List on December 25, 2020 | ||||
Variety | Today AVG. Price(RMB) | Yesterday AVG. Price(RMB) | Growth | Unit |
Corn/Maize | 2544.16 | 2543.74 | +0.42 | RMB/MT |
Soybean Meal | 3180-3230 | 3180-3250 | -10-20 | RMB/MT |
Rapeseed Meal | 2590.00 | 2600.00 | -10.00 | RMB/MT |
Cotton Seed Meal | 2535.00 | 2545.00 | -10.00 | RMB/MT |
DDGS | 2263.50 | 2263.50 | +0.00 | RMB/MT |
Peruvian Steam Dried Fish Meal | 11400-11600 | 11400-11600 | +0.00 | RMB/MT |
Data Source: China Feedtrade Net Exchange Rate: 100USD=653.33RMB | ||||
Market Comments and Concern
Soybean Meal
Since the weather and port shutdown in Argentina continuously triggered the concern on global soybean supply, the future soybean market price in CBOT remained strong and was closed high, with a feature of strong oil and weak meal. Buenos Aires cereal exchange claimed in its weekly report that the soybean implantation area in year 2020/21 may be lower than planned 17.20 million ha due to the extreme drought weather. Meanwhile, since the ending inventory of US soybean has reduced to the lowest level in the past years, the US soybean market remained sensitive to favorable factors.
In China, Dalian market went weak today. The prompt soybean meal continued going weak for its own fundamental pressure. However, it is most probably that prompt soybean meal and soybean oil price may go higher alternatively, considering the strong US market and the stocking expectation before the Spring Festival.
Source: China Feedtrade Net
