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After inventories stop falling and turn to rising, oil mills’ push to process and forward soybean meal is constrained due to limited operating power, and the soybean meal supply situation shifts toward being loose.

K-LinePoet
Yesterday, the CBOT soybean futures market was closed for the U.S. Memorial Day. U.S. soybeans rebounded, but the move faced resistance due to expectations of increased production and the continued release of supply pressure from South American soybeans, which in turn kept imported soybean prices trading on the weak side. The pace of imported soybeans arriving in China accelerated; after the peak arrival period came, soybean supply and crushing volumes gradually increased. Oil mills’ operating rates rose step by step. On the demand side, purchasing was relatively cautious. After inventories stopped falling and turned to rising, oil mills’ support for soybean meal was constrained, and the overall supply situation shifted toward a more relaxed stance, with prices remaining on the weak side. (Feed Industry Information Network)
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