According to data released by the Brazilian Foreign Trade Secretariat (SECEX), Brazil's soybean meal exports in early October were ahead of the same period last year. The export volume of soybean meal from October 1st to 10th was 914,000 tons, compared to 2.359 million tons in October last year.

The export volume of Brazilian soybean meal is leading the same period last year, with exports of 914,000 tons in early October, an improvement from the strong performance of 2.359 million tons in October last year, indicating strong global demand. This may lead to a tightening of supply in the Brazilian market, pushing up spot prices. Based on the soybean meal futures data from the Dalian Commodity Exchange (such as the closing price of contract 2601 at 2,907 RMB/ton, with a+1 increase or decrease), the increase in exports has strengthened the bullish sentiment in the market, supporting the upward trend of futures prices, especially with high holdings of main contracts (such as 1,982,359 lots in contract 2601), indicating a clear positive trend in the short term.

If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.