Commodity News
SunSirs: CBOT Soybean Meal Closed Up, with the Benchmark Closing Up about 2.5% on September 3
September 04 2024 15:26:44 SunSirs (Selena)
On September 3rd, Chicago Board of Trade (CBOT) soybean meal futures closed higher, with the benchmark period closing up about 2.5%, as China plans to launch an anti-dumping investigation on Canadian rapeseed, boosting sentiment in the soybean and soybean meal markets.
After the Trudeau government announced tariffs on Chinese made electric vehicles, steel, and aluminum last Monday, China responded on Tuesday by stating that it will launch an anti-dumping investigation into Canadian rapeseed. After the announcement of this news, rapeseed meal futures on the Zhengzhou Commodity Exchange surged 6%, reaching the highest point since August 6th.
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Related Information
- 2024-10-15 SunSirs: China Domestic Soybean Meal Prices are Expected to Fluctuate within a Range in Late October
- 2024-10-15 SunSirs: The Soybean Meal Production in the United States for 2024/2025 is 57.08 Million Tons
- 2024-10-12 SunSirs: South Korean FLC Buys Up to 60,000 Tons of Soybean Meal
- 2024-10-10 SunSirs: China Soybean and Soybean Meal Markets Fall on October 10
- 2024-10-08 SunSirs: CBOT Soybean Meal Falls, Soybean Oil and Soybean Meal Arbitrage is Active
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