rollback! Soybeans fell sharply, soybean oil fell sharply, and soybean meal did not fall

Today's soybean meal still continues yesterday's rebound market, and the main contract is reduced to the upside.

In addition to continuing yesterday's rebound market, the sharp decline in soybean oil futures prices is also an important factor supporting the rise of soybean meal, and the seesaw effect of oil meal appears, and the oil falls and rises.

In terms of spot, although the spot quotations of domestic traders continue to decline, the price reduction has slowed down. And with the recent continuous downward adjustment of soybean meal spot prices, it has fallen to the psychological price of the demand side. Oil mill shipments are improving, soybean meal volume is increasing, and oil mill inventories are declining, which can make the decline of soybean meal "slow down".

Today, soybean meal spot quotations in some parts of The country rose and fell:

Hebei Qinhuangdao 43% protein traders distribution price of 3340 yuan / ton, down 20 yuan; Tianjin 43% protein trader distribution price of 3330 yuan / ton, up 10 yuan; Shandong Qingdao 43% protein price 3330 yuan / ton, down 30 yuan; Rizhao 43% protein trader distribution price of 3310 yuan / ton, up 10 yuan; Guangdong Dongguan 43% protein quotation 3310 yuan / ton, up 20 yuan.

In summary, the market news vacuum before the US supply and demand report came out in November, and there was a lack of hype. The United States soybean production, South American soybean sowing smoothly, the U.S. soybean bearish atmosphere is strong, cbOT soybean contract continues to fall, dragging down the domestic soybean two futures to fall more than once, the cost side is difficult to form a support for soybean meal prices. Soybean meal rebound is limited in this round and is expected to remain dominated by a weak market. (Market views and operational recommendations are for reference only)

丨Source: Zhinongtong Quote Treasure 丨 Original Author: Zhang Xiaoyan

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