date:Jun 17, 2016
August, 2014 and increasing about 9% on the accumulative basis. The CBOT soybean price has been rising in nine straight weeks since mid-April, up 28% while Chinese domestic soybean forward price skyrockets as high as 36%. Continuous drop of international production and rising price of domestic live pig may somehow drive the market demand for the soybean meal. The market has already grown tight and drawn a large amount of capital investment.
Chinese domestic soybean meal supply pressure is rela