SunSirs: It is Predicted that the Soybean Meal Market will be Mainly Weak and Down
April 06 2023 09:05:24
The latest price of soybean meal (4-3): 4048 RMB / ton, the market outlook is bearish
Key points of analysis: The USDA report at the end of March lowered the U.S. soybean planting area and quarterly inventory data, which is bullish for soybean products. When the market opened on April 3, soybean meal rose in line with the market, and even soybean meal closed at 3,638 RMB/ton, an increase of 112 RMB/ton. The futures market rose, and the spot market of soybean meal bottomed out, and the price broke through the 4,000 RMB mark, an increase of more than 5%.
Forecast of the market outlook: After the profit in the external market has been cashed out, the soybean meal market will still be weak and downward.
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