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Surprise rally catches Asian feed millers short

Corn and soymeal prices unlikely to drop back near lows seen in early October, say analysts and traders

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Soymeal has eased 3.6 per cent this past week and corn has given up nearly 2 per cent as US harvests gather pace.

Singapore

ASIAN feed millers have missed the boat on multi-year-low corn and soymeal prices after a surprise rally in the futures market over the past few weeks, leaving them with hefty costs even as global supplies hit record highs.

Several millers in Asia's top importers,

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