According to the Commodity Market Analysis System of SunSirs, the soybean meal market has shown improvement this week, with price fluctuations and mainly rising. On June 4th, the average market price of soybean meal was 2,892 RMB/ton, and on June 10th, the average market price of soybean meal was 2,952 RMB/ton, with a price increase of 2.07%.

In the second week of June, the soybean meal market changed its downward trend and saw an increase in prices. The main reason is that the USDA report is bullish, and the soybean meal futures market is rising, which is driving up the spot market. With the increase in demand for terminal feed, the trading volume of soybean meal market has risen. Due to the increase in imported soybean arrivals, the pressure on soybean meal supply remains, and inventory levels are gradually rising. The overall price of soybean meal spot market is under pressure, and the average market price has not yet exceeded the 3,000 RMB mark, with an overall increase of over 2%.

The agricultural product analyst of SunSirs believes that negative factors are still present, inventory will remain high, and the soybean meal market will continue to operate weakly due to insufficient upward momentum in the future.

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