China: It is expected that the short-term soybean meal price will follow the US soybean shock and be strong

Published 2022년 4월 19일

Tridge summary

Soybean meal futures prices on the Dalian Commodity Exchange have seen fluctuations, with the main 2209 contract slightly increasing by 0.28% to 3934 yuan / ton. The spot price of 43% protein soybean meal in coastal areas has decreased slightly, and the basis price of soybean meal is under pressure due to increased domestic soybean arrival volume, rising crushing volume, and improved soybean meal supply. The global soybean supply is currently tight, and the domestic soybean supply is expected to increase, while the demand for feed breeding is weak and is not expected to show an upward trend. The short-term soybean meal price is anticipated to follow the fluctuation of US soybean prices, and the basis price is predicted to decline further.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

State Grain and Oil Information Center, April 19 news: On April 18, soybean meal futures prices on the Dalian Commodity Exchange rose and fell, with the main 2209 contract closing slightly up 0.28% to 3934 yuan / ton. The spot price of 43% protein soybean meal in coastal areas was reported at 4270-4620 Yuan/ton, down 20-50 yuan/ton from the previous day, among which the quotation in North China is 4,600-4,620 yuan/ton, the quotation in East China is 4,420-4,480 yuan/ton, and the quotation in South China is 4,270-4,280 yuan/ton. Recent soybean meal prices The shock adjustment, the purchasing mentality of feed breeding enterprises is relatively stable, and the transaction is average. Recently, the domestic soybean arrival volume has increased, the crushing volume has increased, the soybean meal supply has improved, and the soybean meal basis price has been under pressure. The basis price quoted is M2209+220 yuan/ton, the basis price of Shandong Rizhao from April to May is ...

Source: China Farming