According to the commodity market analysis system of SunSirs: since August 14, the demand for terminal feed has improved, the soybean meal market has rebounded, and the market has fluctuated and risen. On August 14, the average market price of soybean meal was 2,878 RMB/ton, and on August 22, the average market price of soybean meal was 2,942 RMB/ton, up 2.22%.

Demand support, soybean meal market rebounds from bottom

Since mid-August, the soybean meal market has ushered in an upward trend. The demand for terminal feed has improved, and the price of soybean meal itself has fallen to the bottom. The negative factors have been realized, the golden September and silver October are approaching, and the market participants have increased their bullish confidence.

The soybean meal transaction has increased, the futures market has risen, and the spot market has followed the market. The average market price has exceeded 2,900 RMB/ton, an increase of more than 2%.

SunSirs agricultural product analysts believe that at the end of August, the rigid demand for soybean meal supports the market, and there is still room for growth.

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