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
- 2025-09-17 SunSirs: U.S. Soybean Meal Production for the 2025/26 Marketing Year Has Been Raised by 380,000 Short Tons to 60.225 Million Short Tons
- 2025-09-16 SunSirs: China Domestic Soybean and Soybean Meal Commercial Inventories all Increased during the Week of September 12
- 2025-09-16 SunSirs: Agricultural and Sideline Products Industries Bulk Commodity Intelligence (September 16, 2025)
- 2025-09-15 SunSirs: EU Soybean Meal Imports Increased by 2% so Far in the 2025/26 Marketing Year
- 2025-09-12 SunSirs: Agricultural and Sideline Products Industries Bulk Commodity Intelligence (September 12, 2025)
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