On August 14th, the National Grain and Oil Information Center reported that with the expected high yield of American soybeans and the release of negative factors such as a new high in global oilseed production, international soybean prices have fallen to a nearly four-year low, and domestic soybean meal prices have also fallen to the lowest level since September 2020.

Although the market is generally bearish on the future, the negative factors have been basically digested by the market, and there are fewer and fewer negative factors that can be explored in the oilseed market in the future. On the contrary, it remains to be seen whether the high yield and area of US soybeans can be realized, whether the sowing of South American soybeans after September will be smooth, and whether the reduction in European rapeseed and sunflower seeds will further increase, and other positive factors. Overall, it is expected that there is limited room for a significant decline in domestic soybean meal prices in the near future, and they may maintain a range oscillation trend at the current low level.

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