Soybean meal inventories are expected to stop declining and begin to rebound, as gradually easing supply continues to put pressure on soybean meal prices.

Due to the decline in international crude oil prices and the faster planting progress of U.S. soybeans, long positions took profits and closed, causing the CBOT soybean futures benchmark contract to close down 1%, ending the upward trend of the past two trading days. Recently, soybean harvesting in Brazil has nearly concluded, and the pressure from high yields and seasonal supply is gradually becoming apparent. Strong sales demand will continue to put pressure on U.S. soybeans. As the number of soybeans arriving at ports gradually increases, the operating rate of oil mills will recover after the post-holiday maintenance is completed. As soybean crushing volume increases, soybean meal production will also rise. However, with rising temperatures and subdued livestock farming, the demand for soybean meal is limited, and soybean meal inventories are expected to stop declining and begin to rebound. The gradually loosening supply will continue to pressure soybean meal prices. (Feed Industry Information Network)