Commodity News
SunSirs: Soybean Meal Fell Slightly after National Day
October 09 2021 08:22:31 SunSirs (Linda)
During the National Day holiday, the prices of soybeans and soybean meal on the outer disk fell. After the holiday, even soybean meal fell in response, and soybean meal opened at 3370 yuan/ton, down 98 yuan/ton. The spot price fell with the market, and the mainstream price was 3,832 yuan/ton, down more than 1%. Terminal feed demand is weak, aquaculture has entered the off-season, and soybean meal prices have fallen weakly. The supply of soybean meal is tight due to the power curtailment of soybean oil plants. Soybean meal's downside is expected to be limited in the future.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
Related Information
- 2024-04-16 SunSirs: The Bearish Sentiment still Exists, China Soybean Meal Market may Hit a New Low
- 2024-04-12 SunSirs: Daily Report of China Commodity Data (April 12, 2024)
- 2024-04-11 SunSirs: Daily Report of China Commodity Data (April 11, 2024)
- 2024-04-11 SunSirs: The Bearish Trend is Dominant, and The Technical Decline of Soybean Meal is Difficult to Change
- 2024-04-07 SunSirs: China Soybean Meal Market Fluctuated and Declined, with a Decline of Over 12% in the First Quarter of 2024
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