According to the Commodity Market Analysis System of SunSirs, the soybean meal market continued to rise in February, with an increase of over 15%. On February 1st, the average market price of soybean meal was 3,222 RMB/ton, and on February 27th, the average market price of soybean meal was 3,722 RMB/ton, an increase of 15.52%.

At the beginning of the month, due to the impact of customs clearance policies, the amount of imported soybeans arriving at the port decreased, the operating rate of soybean oil plants was low, and the supply of soybean meal became tight. After the holiday, feed mills gradually started stocking up, and due to the sharp rise in soybean meal prices, the prices of end product feed also increased one after another. The domestic soybean meal market is in short supply, and the soybean meal market is supported and continuously rising. On February 10th, the average price of soybean meal in the market reached 3,870 RMB/ton, with a daily increase of over 300 RMB/ton. Compared with before the holiday, the price of soybean meal has risen by over 600 RMB/ton.

Mid month: Since February 10th, the bullish factors have been realized, and the soybean meal market has risen and fallen one after another, with a continuous decline of more than 9% for three days. The main reason is that the demand for terminal feed is relatively weak, and the futures market has entered a downward trend. The trading volume of soybean meal market has declined, and the market continues to decline. Starting from the 13th, the soybean meal market has entered an upward oscillation mode.

At the end of the month, domestic soybean meal experienced another decline after rising. Starting from February 21st, the demand for terminal feed has weakened, the futures market has declined, and soybean meal prices have continued to decline. The average market price has fallen to 3,700 RMB/ton, a decrease of over 3%.

The soybean meal analyst from SunSirs believes that since March, imported soybeans have gradually arrived at the port, easing the temporary supply shortage of soybean meal. The future market trend is weak and the market is running weakly.

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