According to the commodity analysis system of SunSirs: Since the end of May, the supply of imported soybeans has increased, the planting of foreign soybeans has ended, and the unfavorable situation has come. The soybean meal market has been weak and ushered in a weak market. On May 26, the average market price of soybean meal was 2,982 RMB/ton. On June 5, the average market price of soybean meal was 2,900 RMB/ton, and the price fell by 2.75%.

Long and short game, soybean meal market fluctuates and falls

Since the end of May, the arrival of imported soybeans has increased, the planting of foreign soybeans has ended, unfavorable factors have continued to emerge, the demand for terminal feed has improved, and the long and short have been superimposed. The soybean meal market has been weak in rebounding and mainly weak in decline.

As of June 5, the average market price of soybean meal was 2,900 RMB/ton, down 100 RMB/ton from the end of May, and the overall decline was close to 3%.

The soybean meal analyst of SunSirs believes that in late June, the supply of imported raw soybeans will remain loose, the operating rate of soybean oil factories will increase, and the terminal demand will be poor, so the soybean meal market will continue to weaken.

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