The monthly crushing data released by the US Department of Agriculture shows that US soybean meal inventories increased to 462,916 short tons at the end

Macroeconomics 1. [PMI] According to the National Bureau of Statistics, in December, the Manufacturing Purchasing Managers' Index (PMI) was 50.1%, an increase of 0.9 percentage points

According to the National Grain and Material Reserve Data Center, the operating rate of domestic oil plants was relatively high during the week of December

Macroeconomics 1. [Tariffs] The State Council Tariff Commission released the "2026 Tariff Adjustment Plan," which will be implemented from January 1, 2026.  According to the plan,

The weekly export sales data reissued by the US Department of Agriculture shows that as of the week of December 11, the net sales volume

The weekly export sales data reissued by the US Department of Agriculture shows that as of the week of December 11, the net sales volume

In 2025, the soybean meal market experienced significant fluctuations in the first half of the year, followed by narrow oscillations in the second half, with

Macroeconomics 1. [Economic Policy] China's central bank's fourth-quarter meeting: Continue to implement a moderately loose monetary policy and strengthen counter-cyclical and cross-cyclical adjustments. The meeting pointed

The weekly export sales data reissued by the US Department of Agriculture shows that as of the week of December 11, 2025, the net sales

The daily average export volume of soybean meal from December to present is 124,321 tons, a year-on-year increase of 27.2%. The article shows that the average

Macroeconomics 1. [Public Budget Revenue] According to data from the Ministry of Finance, from January to November, national general public budget revenue totaled 20,051.6 billion RMB,

On December 17th, China National Grain and Material Reserve Data Center reported that the soybean meal inventory in domestic oil factories is still at a

Limited Short-Term Drivers Affected by Sino-US trade friction, the correlation between CBOT soybeans and domestic soybean meal has weakened since April. Overseas soybean markets have shown

According to data from the European Commission, the overall import volume of EU oilseeds and vegetable oils in 2025/26 is lower than last year, reflecting

According to the Commodity Market Analysis System of SunSirs, since November, there has been a long short game, and the soybean meal market has fluctuated

The weekly export sales report reissued by the US Department of Agriculture shows that as of the week of October 30, 2025, the net sales

Macroeconomics 1. [US ADP Employment Change] US ADP employment fell by 32,000 in November, the lowest level since March 2023, compared to a forecast of an

The latest report from the European Commission shows that as of November 28, the EU's import volume of soybean meal for 2025/26 was 7.46 million

The weekly export sales report reissued by the US Department of Agriculture shows that as of the week ending October 23, the export sales volume

According to the Commodity Market Analysis System of SunSirs, starting from November 1st, there was a combination of long and short positions, and the soybean