Commodity News
SunSirs: The External Disk Was Bearish, the Soybean Meal Market Fell
July 21 2022 09:10:49 SunSirs (John)
Price trend
According to the data monitoring of SunSirs: on July 20, the soybean meal market fell sharply, the mainstream quotation fell to 4,046 RMB/ton, the price fell by about 100 RMB/ton, and fell 2.88% in a single day.
Analysis review
The weather forecast in the outer disk was expected to increase in rainfall, and the bad news struck. The soybean meal futures market fell, and the spot market fell with the disk.
Market outlook
The subject of weather speculation is still there, and there is still room for soybean meal to rise in the market outlook.
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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