SunSirs: Under the Support of Bullish, Soybean Meal Market Rebounded
July 28 2022 13:51:54     SunSirs (John)Price trend
According to the monitoring data of SunSirs, on July 27, the spot price of soybean meal was 4,170 RMB/ton, a single-day increase of 0.34%, and an increase of 3.06% compared with July 20.
Analysis review
This week, the soybean meal market ushered in a rising market. Affected by the weather speculation in the external market, the soybean futures market rose, the external market pulled up, the domestic soybean meal futures market rose, and the spot market rose with the market. As of July 27, the average market price of soybean meal rose to 4,170 RMB/ton, the price rose more than 2.3%.
Market outlook
The agricultural product analyst of SunSirs believes that the weather speculation factor is still there, and there is still room for soybean meal to rise in the future.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com
- 2024-04-16 SunSirs: The Bearish Sentiment still Exists, China Soybean Meal Market may Hit a New Low
- 2024-04-12 SunSirs: Daily Report of China Commodity Data (April 12, 2024)
- 2024-04-11 SunSirs: Daily Report of China Commodity Data (April 11, 2024)
- 2024-04-11 SunSirs: The Bearish Trend is Dominant, and The Technical Decline of Soybean Meal is Difficult to Change
- 2024-04-07 SunSirs: China Soybean Meal Market Fluctuated and Declined, with a Decline of Over 12% in the First Quarter of 2024