Summary
China’s soybean market remains well-supplied as imports increase on Brazilian arrivals. Soybean meal prices have continued to be under pressure, and hog prices remain at depressed levels.
Futures
No.1 domestic soybean futures fell in May by 3.7% but were up 11.5% year on year.
No.2 imported soybeans rose by 3.5% in May and are up 8.1% for the year. Soybean meal was up 4.6% and up 8.7% for the year, and soybean oil was down 0.1% for the month, but up 9.2% for the year.
In soybean meal spr...