Soybean meal inventory is expected to increase, weakening the oil plants' support for soybean meal prices.

Due to expectations of decreased demand for imported soybeans in China, trading activity in the U.S. soybean market was light on the same day, with futures prices showing narrow fluctuations. CBOT soybean futures exhibited a near-weak, distant-strong trend, with benchmark futures down 0.2%.
Brazil’s soybean harvest is nearing completion, with record-high production pressures continuing to materialize. Coupled with improved weather conditions in the U.S. Midwest that favor soybean planting progress, the area is expected to increase, boosting the outlook for yields.
The volume of imported soybeans arriving at ports continues to rise. After steady recovery in crushing volume at oil mills, soybean meal production has also increased. However, due to the off-season for demand and ongoing losses in pig and egg chicken farming, demand remains limited.
Feed and farming enterprises are cautious in procurement, mainly purchasing on demand. Under the circumstance that shipment volumes from oil mills are less than production, inventories are expected to increase, weakening the mills’ support for soybean meal prices. Prices continue to fluctuate weakly and adjust downward. (Feed Industry Information Network)