On September 2nd, the National Grain and Oil Information Center reported that the import volume of soybeans to ports in China remained high in September, and it is expected that oil factories will maintain high operating rates and high-pressure crushing capacity. The total soybean crushing volume for the month is around 9.5 million tons, and the increase in soybean meal output and loose supply will continue the trend of accumulating inventory. But as the weather turns cooler and the Mid Autumn Festival and National Day holidays approach, the demand for downstream aquaculture feed improves, driving an increase in soybean meal consumption. The pace of soybean meal accumulation in oil factories in September is expected to be slower.

On September 3rd, the benchmark price of soybean meal in SunSirs is 3,104.00 RMB/ton, an increase of 0.06% compared to the beginning of this month (3,102.00 RMB/ton).

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