According to the Commodity Market Analysis System of SunSirs, the soybean meal market in June first rose and then fell, oscillating downwards. On June 1st, the average market price of soybean meal was 2,956 RMB/ton, and on June 27th, the average market price of soybean meal was 2,906 RMB/ton, a decrease of 1.69%.

In early June, the supply of imported soybeans was loose, and the soybean meal market fell. After a brief decline, it ushered in an upward trend.

Starting from the 3rd, the soybean meal market has changed its downward trend and prices have risen. 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 increased, and the soybean meal market has risen. As of June 22, the average price of soybean meal market has exceeded 3,000 RMB/ton, with an overall increase of over 4%.

At the end of the month, the demand for terminal feed weakened, the futures market performed poorly, and the soybean meal market declined. As of the 27th, the spot price of soybean meal fell to 2,906 RMB/ton, a decrease of 2.68%. The overall decline in June exceeded 1%.

The agricultural product analyst of SunSirs believes that the demand for terminal feed in July is not good, and the pressure on raw material supply is still present. The market for soybean meal will continue to decline weakly in the future.

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