According to the commodity analysis system of SunSirs, since May, the supply of imported soybeans has increased, and negative factors have hit, causing a decline in the soybean meal market. On May 1st, the average market price of soybean meal was 3,476 RMB/ton, and on May 20th, the average market price of soybean meal was 2,966 RMB/ton, a decrease of 14.69% in price.

After the May Day holiday, the import of soybeans to ports resumed, and with the introduction of tariff declarations, the soybean futures market declined. Terminal feed manufacturers purchase cautiously, buy as needed, and purchase as needed. The domestic spot market for soybean meal fell in response, with prices continuing to decline. As of May 20th, the average spot market price of soybean meal has fallen below the 3,000 RMB mark, a decrease of nearly 15%.

The soybean meal analyst from SunSirs believes that by the end of May, the amount of imported soybeans as raw materials will still be high, soybean oil plants will resume operation, and terminal demand will be weak. The soybean meal market will continue to weaken.

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