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SunSirs: Under the Negative Pressure, Soybean Meal Fell Sharply
June 24 2022 10:13:22SunSirs(John)

Price trend

According to the monitoring data of SunSirs, on June 23, the average market price of soybean meal was 4,164 RMB/ton, down 3.43% from the 20th.

Analysis review

Soymeal fell sharply this week, down more than 3%. The demand for soybean meal in the terminal feed was sluggish, and the soybean futures prices in the outer market had dived one after another. Under the superposition of multiple unfavorable factors, the soybean meal market fell in response, and the decline continued, and the mainstream quotation fell below 4,200 RMB/ton.

Market outlook

The soybean meal market is expected to remain weak in the future.

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