SunSirs: Long-Short Game, China's Soybean Meal Enters a Period of High Oscillation
December 16 2021 08:18:58 SunSirs (Linda)
Since December 1, the domestic soybean meal market has oscillated and increased, and the price has entered a period of high oscillations. At the beginning of the month, the average market price of soybean meal was 3430 yuan/ton. On the 15th, the average market price of soybean meal was 3516 yuan/ton, and the overall price rose 2.51%.
Terminal feed demand supports soybean meal oscillating up for half a month
Since December, the domestic soybean meal market has warmed up, terminal feed demand has improved, and soybean meal prices have returned to the rising channel. Due to negative factors in the external market, the global supply of soybeans is loose, and the market for soybean futures has been mixed. Soybean meal prices in the spot market have also kept rising and falling with the market, with the price continuing at RMB 3,500/ton.
New Year's Day and the Spring Festival approaching, the demand for terminal feed will decrease, and the soybean meal may rise in the future.
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