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SunSirs: Soybean Meal Market Pulled Back Slightly on March 10
March 11 2022 09:56:23SunSirs(John)

Price trend

According to the monitoring data of SunSirs, on March 10, the soybean meal market adjusted slightly, and the average market price was 4,878 RMB/ton, down 0.12% in a single day.

Analysis review

Since March, soybean meal stocks have been low, supply has been tight, and prices have continued to rise sharply. The mainstream quotation was 4,800 RMB/ton. Due to the high price of soybean meal, the market transaction was normal, and the price increase of soybean meal slowed down.

Market outlook

Soybean meal prices are expected to remain high in the short term.

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