CBOT soybean meal, soybean and soybean oil weekly report

Introduction: July 5 news: this week's CBOT soybean meal price is almost the same as last week The most active December contract hit a new low of $164.50 this week, closing at $168 per short ton, down from the closing price of $169.10 per short ton on July 5 Although the actual amount of South American soybean meal entering the United States is not enough to affect the soybean meal arbitrage on soybean oil, the emergence of some commercial bear market arbitrage plates this week made traders once again expect that South American soybean meal will soon enter the southeast market of the United States U.S soybean meal prices remain uncompetitive in the international market, limiting export growth However, tight domestic soybean meal supply has made the squeeze profitable and supported the strong soybean meal price this week The market is still concerned about the economic crisis in South America, especially the pressure of devaluation on the currencies of Argentina and Brazil A weaker dollar this week also supported soybean meal prices The US Department of agriculture is expected to increase domestic soybean meal demand by 300000 tons to 33.1 million tons in 2001-02 However, the carryover inventory is still expected to be 275000 tons, and the squeezing volume is expected to increase, so is the maximum soybean meal production In terms of new soybean meal, USDA also raised the expected domestic consumption by 200000 tons to 33.5 million tons, but reduced the ending inventory to 250000 tons (author:) share to feed Weibo share to: