Price trend

According to the monitoring data of SunSirs, on July 27, the spot price of soybean meal was 4,170 RMB/ton, a single-day increase of 0.34%, and an increase of 3.06% compared with July 20.

Analysis review

This week, the soybean meal market ushered in a rising market. Affected by the weather speculation in the external market, the soybean futures market rose, the external market pulled up, the domestic soybean meal futures market rose, and the spot market rose with the market. As of July 27, the average market price of soybean meal rose to 4,170 RMB/ton, the price rose more than 2.3%.

Market outlook

The agricultural product analyst of SunSirs believes that the weather speculation factor is still there, and there is still room for soybean meal to rise in the future.

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