The daily average export volume of soybean meal from December to present is 124,321 tons, a year-on-year increase of 27.2%.
The article shows that the average export volume of soybean meal from December to today reached 124,321 tons, a year-on-year increase of 27.2%, indicating strong international demand and possible tightening of the supply side, which is significantly favorable for the spot price of soybean meal and is expected to drive up the spot price. Based on soybean meal futures data, the main contract 2605 on the Dalian Commodity Exchange (closing price of 2,747 RMB/ton, up and down -21, with an increase in holdings of 61,947) has short-term price pressure, but the export growth fundamentals support a medium - to long-term upward trend. The change in holdings shows an increase in market activity, which is favorable for the rebound of futures prices.
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