Expectations of a reduction in the global supply of soybean meal have been further strengthened, and the central and western Brazilian state of Mato Grosso is in the harvest period, and it was unexpectedly found that excessive precipitation in the early period has also caused a significant reduction in soybean production.

Soybean meal

Expectations of a reduction in global soybean supply have been further strengthened, with Mato Grosso in the central and western part of Brazil in the harvest period, and the unexpected discovery that excessive precipitation in the early stage has also caused a large reduction in soybean production, while the drought in the southern part of Brazil, Rio Grande do Sul, Argentina, Paraguay In the context of La Niña, the drought has not been effectively alleviated, exacerbating the expectation of production reduction. STONX, Datagro and Agrural generally cut Brazilian soybean production below 130 million tons, down 9 million tons from the USDA estimate last month, equivalent to a 2-3% reduction in global production. On the demand side, it is stable for the time being. #Futures##Finance ##豆粕 #