On September 2nd, the National Grain and Oil Information Center reported that the current turnover inventory of soybean meal in domestic feed enterprises is 5-10 days, and the total contract inventory is basically around one month. With the depletion of the negative impact of the high yield of American soybeans and the significant decline in domestic soybean meal, the market's recognition of the price of soybean meal at around 3,000 yuan/ton has strengthened, and the enthusiasm for downstream procurement of soybean meal has increased, supporting the low rebound of soybean meal prices.

Since April, domestic soybean and meal inventories have significantly increased, with soybean inventories currently approaching 8 million tons and soybean meal inventories approaching 1.5 million tons. Soybean meal inventories have reached a historic high, which will constrain the price increase of soybean meal. Overall, it is expected that domestic soybean meal prices will fluctuate and rise in September, given the expected increase in demand and supply, but the price increase will be limited due to high soybean meal inventories.

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