Under the expectation of loose long-term supply, oil mills lack the motivation to support meal prices, and soybean meal continues to maintain a volatile and weak trend.

Since the Strait of Hormuz remains blocked, rising oil prices continue to support the soybean market, but after long positions are profit-taking, CBOT soybean futures closed lower, with the benchmark contract down by 0.4%. Recently, the volume of imported soybeans arriving at ports has been increasing, and as oil mills gradually resume operations, soybean meal production has increased. However, due to the current off-season demand and ongoing losses in pig and egg chicken farming, delivery demand is limited. Additionally, feed and breeding enterprises are cautious in procurement, and the market expects loose long-term supply, which weakens the support for soybean meal. As a result, soybean meal continues to fluctuate weakly. (Feed Industry Information Network)