The export of soybean meal from the USA exceeded expectations.

The weekly export sales report by the U.S. Department of Agriculture shows that as of the week ending October 23, the volume of U.S. soybean meal export sales amounted to 640,000 tons, exceeding the previous market expectations of 50,000–500,000 tons. The U.S. Department of Agriculture's report states that the volume of soybean meal export sales reached 640,000 tons, significantly surpassing the market's expected upper limit of 50,000–500,000 tons, indicating strong international demand exceeding expectations. This will support the spot price of soybean meal, as the growth in exports reflects a reduction in demand and supply, which could push the spot market price upward. Based on data from Dalian Commodity Exchange soybean meal futures (such as the settlement price of contract 2601 at 3044 yuan per ...