It is expected that short-term soybean meal prices will continue to follow the U.S. soybeans and remain firm

State Grain and Oil Information Center March 8 news: On March 7, soybean meal futures prices on the Dalian Commodity Exchange opened higher and moved higher, with the main 2205 contract closing up 4.79% to 4089 yuan/ton. The spot price of 43% protein soybean meal in coastal areas was 4620-5050 Yuan/ton, up 70-140 yuan/ton from the previous day, among which the quotation in North China is 4,620-4,640 yuan/ton, the quotation in East China is 4,620-5,050 yuan/ton, and the quotation in South China is 5,000-5,050 yuan/ton. Recent soybean meal prices Continue to rise, the basis price is firm, the feed breeding enterprises are cautious in purchasing, and the transaction is light. The domestic soybean crush is low, the soybean meal inventory is running low, and the supply is tight to support the basis price to remain high. On March 7, the spot basis price of ordinary protein soybean meal in Liaoning Dalian was M2205+740 yuan/ton, and the spot basis price in Tianjin was M2205+ 650 ...