In July, the soybean crushing volume of domestic oil plants reached a historic high, and the accumulation rate of soybean meal was relatively fast. It is expected that the crushing volume will decrease in August, but still remain at around 10 million tons, and the soybean meal output will be around 8 million tons. At the end of the month, soybean meal inventory in oil factories may slightly decrease to 900,000 tons, a slight decrease compared to the previous month, a decrease of about 150,000 tons year-on-year, and an average decrease of about 200,000 tons compared to the same period in the past three years.

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