SunSirs: Expected Weak China Domestic Soybean Meal Prices in the Near Future
May 20 2025 14:28:45 SunSirs (Selena)
National Grain and Oil Information Center News: It is expected that domestic soybean meal prices will be weak in the near future.
One reason is that Brazilian soybeans are currently in the peak season for listing, and there is significant export pressure at this stage. However, after the easing of economic and trade relations between China and the United States, the market's concerns about the tight supply of soybeans in the future have eased, and the progress of oil plant procurement of soybeans after the August shipping schedule has slowed down, which does not support an increase in Brazilian soybean prices.
Secondly, imported soybeans are concentrated at the port. According to monitoring, it is expected that 13 million tons of imported soybeans will arrive at the port in May and 12 million tons in June. The weekly soybean crushing volume of oil plants will quickly rise to over 2 million tons, and the soybean meal inventory of oil plants will significantly increase in late May
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