The long and short game. The market for soybean meal in China fluctuates and grows in October

According to data from the SunSirs Commodity Market Analysis System, the soybean meal market in October demonstrated mixed dynamics but overall had a fluctuating upward trend. On October 1, the average market price of soybean meal was 2998 yuan per ton, and on October 30, it was 3028 yuan per ton, increasing by 1.34%. During the National Day holiday, the prices of U.S. soybeans on foreign markets fluctuated and rose. China has not yet opened up purchases of U.S. soybeans, and the overall growth was limited. During the National Day holiday, the futures price of soybean meal increased, which contributed to the growth of the domestic spot market for soybean meal. The average market price of soybean meal rose to 3000 yuan per ton. In mid-October, the demand for terminal feed was weak, and the stimulus from the futures market was limited. The growth in the soybean meal market was weak, and prices gradually declined. The average price of soybean meal fell to approximately 2900 yuan per ...