SunSirs: It is Expected China Soybean Meal Spot Prices will be Weak in the Near Future
June 13 2025 14:15:40 SunSirs (Selena)
National Grain and Oil Information Center News: With the concentration of imported Brazilian soybeans arriving at ports, the recent weak spot price of domestic soybean meal is difficult to change, but the space for further decline is also relatively limited.
Reason: Firstly, the cost of importing Brazilian soybeans into China has been continuously increasing recently, resulting in a decrease in crushing profits for oil factories and an increased willingness to raise soybean meal prices; Secondly, the soybean meal inventory of major oil factories is still relatively low, and it is expected to recover to the level of over 1 million tons in the same period last year in July. The short-term inventory pressure is not significant, which will constrain the decline in soybean meal prices.
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