National Grain and Material Reserves Administration: The soybean meal price is expected to fluctuate in the near future. Negative factors: Imported soybeans are concentrated in the port, and the soybean meal inventory is rising rapidly under the high operating rate of oil mills. It is expected to increase to more than 900,000 tons by the end of July, suppressing the domestic soybean meal price.

Positive factors: The cost of importing Brazilian soybeans has increased. After September, the oil mills have bought significantly fewer ships than last year. The supply of soybeans in the long term may be tight, which will limit the decline in soybean meal prices. Overall, the soybean meal price is expected to fluctuate in the range in July.

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