National Grain and Oil Information Center: Driven by the stocking demand before the Double Festival in the breeding industry, domestic soybean meal spot purchases and sales remained stable this week, with prices fluctuating with the market, but the decline was smaller than futures prices. On August 26th, the price of 43% protein soybean meal in coastal areas was 2,950-3,140 yuan/ton, a decrease of 50 yuan/ton from the same period last week to an increase of 10 yuan/ton.

National Grain and Oil Information Center: Firstly, domestic oil factories are maintaining high operating rates and high-pressure crushing capacity, and soybean meal inventory continues to be at a high level of over one million tons. Moreover, the expected operating rate of oil factories is expected to rebound this week, and there is still room for soybean meal inventory to rise, which is suppressing soybean meal prices in recent months. Secondly, from the fourth quarter of this year to the first quarter of next year, the progress of purchasing imported soybean ships in China is relatively slow, and the market expects a tightening of supply, which supports the price of soybean meal in the distant months.

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