The latest price of soybean meal (4-17): 4398 RMB/ton, bearish in the future

Key points of analysis: In early April, the soybean meal market began to rebound, with most domestic soybean oil factories experiencing a significant reduction in imported soybean inventory. Some soybean oil factories experienced soybean interruption and shutdown, leading to a tightening of soybean meal supply, a rebound in the market, and a surge in prices. In the middle of the year, due to customs policies, imported soybeans entered the factory slowly, and the soybean meal market saw a significant increase. The mainstream quotation exceeded the 4400 RMB mark, with an increase of over 14%.

Future prediction: The tight supply situation will be alleviated, and the soybean meal market may experience a weak pullback in the future.

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