Price trend

According to the monitoring data of SunSirs, the soybean meal market oscillated downward in April. The price oscillated upwards firstly, and then began to dive. The overall market oscillated and fell. At the beginning of the month, the average market price of soybean meal was 4,544 RMB/ton, and at the end of the month, the average price of soybean meal was 4,350 RMB/ton, a decrease of 4.27%.

Analysis review

After the Qingming Festival, the soybean meal market rebounded one after another, supported by the rising soybean futures market in the outer disk, and the demand for terminal feed recovered. The soybean meal market was boosted by the futures market and returned to the rising market, and the price returned to the 4,600 yuan mark, an increase of more than 3%.

Beginning in the middle of the month, the soybean meal market began to fall due to the shifting of futures positions and the impact of the epidemic. In addition, the purchasing enthusiasm of the terminal feed factory declined, and the demand dropped, and the soybean meal market continued to decline mainly, with a decline of more than 4%.

At the end of the month, with the support of the external futures market, the soybean meal market improved after the decline, and the price stopped falling and stabilized.

Market outlook

The agricultural product analyst of SunSirs believes that the amount of imported soybeans to ports has increased, and the supply of soybean meal has eased. In the market outlook, the rise of soybean meal is weak.

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