China's soybean meal market is becoming stronger in the Japanese market

Introduction: according to the report of Japan economic news on February 28, soybean meal is an essential raw material for the production and processing of feed, which is the main source of protein in feed The market price of Japan's imported beans from China is now rising China's soybean has attracted the attention of the international market now, because in the growing market of genetically modified soybean, the advantage of non genetically modified soybean is prominent Especially after the restrictions on the import of genetically modified soybeans and other crops, China's domestic soybean supply may also be tight, resulting in the shortage of soybean quantity Under the direct influence of the changes in the supply and demand of raw materials for soybean meal production and processing, at present, the price of soybean meal exported by China to Japan is about 204 US dollars per ton (near futures and import port delivery) Compared with the quotation of the same soybean meal with the same specification, delivery time and delivery conditions a month ago, it has been increased by 2% Not only the price has been adjusted upward, but also there is no longer a situation that the export quotation of soybean meal is prompted to Japan Although China also produces soybeans, the quantity can not fully meet the demand of the domestic market About 14 million tons of soybeans are imported from the United States every year China has set rules for the import of genetically modified crops, which will be implemented from March It is worth noting that the U.S soybean export, which accounts for the majority of genetically modified soybeans, will be difficult to enter the Chinese market, and there will be a certain degree of tension in the domestic soybean supply Therefore, as a byproduct of soybean oil extraction, soybean meal production will also reduce The relationship between supply and demand in the market will inevitably lead exporters to be cautious about selling soybean meal abroad This naturally has something to do with the increase of the quotation for the export of Japanese soybean meal As far as domestic soybean meal trading in Japan is concerned, the price of small quantities of soybean meal is affected by the low price of Chicago market in the United States The price of delivered soybean meal in March is about 42 yen per kilogram (one-time wholesale and single product) Compared with the price of soybean meal of the same specification and condition in February, it has been reduced by about 3.5% But at present, considering that the price of soybean meal exported from China to Japan is rising, from a long-term perspective, the market trend of soybean meal in the Japanese market Under the realistic condition that the supply and demand relationship of soybean meal in the Japanese market will tend to be tense, the possibility of domestic soybean meal market weakening in the long term is very small, and the voice of weak market is certainly the judgment of a few people The relationship between supply and demand is always the most basic study condition of market changes.