Price trend

According to the monitoring data of SunSirs, since July, soybean meal has ushered in an upward trend after a brief decline. At the beginning of the month, the average market price of soybean meal was 4,014 RMB/ton. On July 11, the average market price of soybean meal was 4,176 RMB/ton, up 4.04%.

Analysis review

Under the bullish support, soybean meal prices rose

Beginning in July, after a brief adjustment in the soybean meal market, the market rebounded on the 6th, and the market oscillated up. From the 6th to the 11th, the price of soybean meal continued to rise, with an increase of 4.04%.

The crushing volume of soybean oil plants decreased, the supply of soybean meal was tight, the terminal pork market rose, and the demand for feed increased. The price of soybean meal was supported, and the price continued to be around 4,100 RMB/ton, and the market continued to rebound.

Market outlook

The agricultural product analyst of SunSirs believes that: US soybeans are in the growing period, and there is still room for growth in external soybeans. It is expected that the soybean meal market may continue to run at a high level in the future.

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