The soybean meal commodity index was unchanged at 94.16 on April 26, down 32.69% from the cycle high of 139.88 (2012-Septmber-04) and up 28.92% from the low of 73.04 on April 10, 2016(Note: period refers to 2011-Septmber-01 till now). 

SunSirs.com: Soybean meal ended a strong first quarter rally in April, with volatile prices falling more than 5%. At the beginning of the month, the average price of domestic soybean meal was 3327 yuan/ton, and the average price of domestic soybean meal was 3137 yuan/ton, down 5.71%.

Product: In early April, the tight situation of raw soybean supply was eased, and soybean meal prices fell sharply. Soybean meal continued its decline after the tomb-sweeping day, with prices falling nearly 5 points toward the middle of the month.

Since mid-month, soybean meal prices have had a respite. After the USDA raised the crushing quantity of soybean, the futures price of soybean rose, the futures price of soybean meal recovered, and the spot price rose slightly with the plate. Due to the general demand of soybean meal at the terminal and the increase of imported soybean to the port, the spot price of soybean meal was still weak. Since April 22, the news on the import of soybean stocks rumor stimulate, soybean meal in the future tight supply is expected to increase, futures prices to boost, soybean meal spot prices stopped falling.

Data: From April 1 to 15, the actual loading of import was 157.48 tons, down 84.61% year on year. Import forecast for April: shipment of 357.48 tons, down 80.24% year on year. Import forecast for May shipment was 2880.00 tons. It was up 48.45% year on year.

From April 1 to 15, 320.00 tons actually arrived at the port, down 68.72% year on year. From April 16 to 30, it forecast to arrive at the port 1657.48 tons, up 494.08% year on year. April forecast 1977.48 tons to Hong Kong, up 51.88% year on year. Forecast arrival in May: 3080.00 tons. Year-on-year increase of 51.35%.

Market Forecast: SunSirs beans analyst Li Bing think that after the May Day, the amount of imported soybean to the port increase, soybean meal supply is loose, the end demand is general, and soybean meal price rise is still under pressure.

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