Price trend

According to the data monitored by SunSirs, on October 18, the domestic soybean meal futures market fell, and the spot market followed the fall, with the mainstream quotation falling to 5,356 RMB/ton, a daily drop of 1.47%.

Analysis review

The positive factors were fulfilled, and the soybean meal market was gradually corrected. The mainstream quotation fell to 5,300 RMB/ton, down about 100 RMB/ton. Soybean meal rose too fast in the early stage, the price was too high, and the transaction was suppressed. This round of soybean meal price reduction was a rational callback.

Market outlook

There are still many positive factors in the future market, and the soybean meal market is expected to stop falling and recover

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