bullish
The Commodity Report #70
SUMMARY
- At the beginning of the week, China was redoubling its efforts to bolster food security by trying to cut the amount of soybeans that get turned into animal feed.
- China is by far the world’s biggest importer of soybeans, which account for the bulk of its consumption.
- A lower ratio would of course mean fewer soybean imports needed as demand would somehow decline a bit.
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