National Grain and Oil Information Center News: Firstly, the US Department of Agriculture has lowered the production of US soybeans for the new season, which will benefit US soybean prices and boost domestic soybean meal prices. Secondly, the number of soybean purchases during the November December shipping period is less than in the third quarter, and it is expected that the import volume of soybeans to ports will decrease in the future. The operating rate of oil plants will also decline, and soybean meal inventory may continue to decrease, supporting domestic soybean meal prices.
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