SunSirs: China Domestic Soybean Meal Prices are Expected to be Weak in the Near Future
May 27 2025 15:14:31 SunSirs (Selena)
According to the National Grain and Oil Information Center, firstly, Brazil’s soybeans are currently in the peak season for listing, and there is significant export pressure at this stage. After the easing of Sino US economic and trade relations, the market's concerns about the tight supply of soybeans in the future have eased, and the progress of soybean procurement by oil factories has slowed down after the August shipping schedule, 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 12 million tons of imported soybeans will arrive at the port in June and 9.5 million tons in July. 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.
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