Source: Baocheng Futures

Imported soybeans have arrived in Hong Kong one after another after mid-to-late April, and domestic soybean meal supply is expected to improve significantly. All parties in the market remain highly concerned about the turning point of soybean meal inventory. The operating rate of domestic oil plants has rebounded for three consecutive weeks, indicating that supply pressure will continue to increase in the short term. In the later stage, we will focus on the long-term pace of ship buying by oil mills and changes in the basis of soybean meal. The contradiction between supply and demand in the market will shift more to demand, focusing on whether the increase in demand can absorb the increase in output. The recent differences in the trend of soybean meal contracts in near and far months reflect the market's game between reality and expectations.onlinevideopokerrealmoneydifferences. On the other hand, the market remains highly sensitive to the volatility of soybean meal prices in the future, and it is still necessary to pay close attention to the disruptive impact of spring sowing weather changes on the market. Short-term market volatility has increased, focusing on the linkage of the current market and the impact of changes in basis on the market. The overall strong pattern has not changed, and the internal strength and external weakness continue.