China's soyameal futures hit five-month high

China's soyameal futures jumped to a five-month high on Tuesday amid talk that environmental regulators have launched a crackdown on plants in one of the nation's largest crushing regions, fuelling concerns about supplies as stocks dwindle.
On Tuesday, soyameal futures for delivery in January rose 2.81 percent to 3,253 yuan ($471.30) per tonne, building on gains of 2.7 percent from the previous session. The contract peaked at 3,273 yuan on Tuesday, its highest since mid-July. Official Chinese think tank, China National Grain and Oils Information Center (CNGOIC), said in a daily report on Tuesday that environmental authorities have inspected some crushing plants in Dongguan, in China's southern province of Guangdong.