Price trend

On March 28, the soybean meal market fell, down 3.36% from the previous trading day and up 50.4% year-on-year.

Analysis review

The soybean meal market was at a historically high level, and the price was too high to inhibit the transaction. In addition, the terminal demand was general, the futures market fell, and the soybean meal spot market was successively adjusted.

Market outlook

It is expected that in the short term, soybean meal prices will continue to decline.

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