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This week, domestic soybean meal spot prices fluctuated slightly and are expected to remain weak with a volatile bias in the near term.

K-LinePoet
On June 23, the spot price of 43% protein soybean meal in coastal areas ranged from 2,730 to 2,980 yuan/ton, down 20 yuan/ton to up 10 yuan/ton compared to the same period last week. Currently, the new crop of US soybeans is growing well, and CBOT soybean futures lack upward momentum, with weaker external support; domestic imported soybeans are concentrated at ports, increasing the supply pressure of soybean meal, and prices are expected to fluctuate weakly in the near term. (National Grain and Oils Information Center)
SOYBEAN-0.04%
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