In June, the operating rate of major oil plants in China was at a historical high, and it is expected that the operating rate will continue to be at a high level in July. The soybean crushing volume will be over 9 million tons, and the soybean meal output will be over 7 million tons, which is higher than the annual monthly average consumption of 6.5 million tons. Recently, the transaction and delivery of soybean meal have slowed down, and the accumulation speed of soybean meal inventory is faster than expected. It is expected that the soybean meal inventory of oil plants will rise to over 1 million tons by the end of July.

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