On August 6th, the National Grain and Oil Information Center reported that a large amount of imported soybeans arrived at the port in August, and the operating rate of domestic oil plants will remain high. It is expected that the monthly soybean crushing volume will be around 9 million tons. Due to the bearish outlook on the future of soybean meal in the market, coupled with average downstream demand, feed companies can pick up soybean meal as needed, with a daily delivery volume of about 150,000 tons. It is expected that domestic soybean meal inventory will continue to accumulate in August, and the pressure will be difficult to alleviate.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.