Supply remains tight, further strengthening oil refineries' willingness to support soybean meal prices.

Due to hints from U.S. leaders that the Middle East war is about to end, the agricultural products market saw increased risk-premium pullback pressure, and CBOT soybean futures closed lower, with the benchmark contract down 0.2%. The U.S. soybean acreage report landed steadily, while seasonal pressure on Brazilian soybean supply continues to rise, putting pressure on imported soybean prices. Currently, some oil mills are facing tight soybean availability, leading to shutdowns. Tight supply continues to strengthen oil mills’ willingness to hold prices for soybean meal, but the number of customs-clearance shipments will gradually increase afterward. Demand from the livestock sector will gradually cool, and livestock losses will cause demand to fall short of soybean meal production, so prices continue to trade in a choppy, weaker range. (Feed Industry Information Network)