Soybean meal trading volume decreases, trading price hits a 10-and-a-half-month high

On March 12th, domestic mainstream oil factories reduced soybean meal transactions, with a total transaction volume of 120.6k tons, down 91,200 tons from the previous day. The spot transaction volume was 58,100 tons, down 118.7k tons from the previous day. The basis transaction volume was 62,500 tons, up 27,500 tons from the previous day. The average transaction price was 3,352.1 yuan/ton, up 36.1 yuan/ton from the previous day, reaching a new high in 10 and a half months. (China Grain and Oil Business Network)

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