Weekly review of soybean meal in China feed market in November

Introduction: as of the week of November 16, the domestic soybean meal market price is still in the downward channel, but the decline is correspondingly reduced In most regions, the soybean meal price is basically the same as last week, while in a few regions, the decline is relatively large, about 100 yuan / ton In these two days, due to technical reasons, the period price of CBOT soybean rebounded, which led to the rise of Liandou, resulting in a slight rise in the spot market price, generally around 20-40 yuan / ton, but the actual transaction price did not change     On November 16, the purchase price of Heilongjiang soybean meal feed factory was 2280 yuan / ton, 100 yuan / ton lower than that of the same period last week; Henan soybean meal price was 2400 yuan / ton, 120 yuan / ton lower; Dalian soybean meal price remained 2350-2400 yuan / ton; Shandong soybean meal factory price was 2350 yuan / ton, basically the same as last week; Nanjing Huanong soybean meal factory price was 2350 yuan / ton, similar to that of last week The weekly price was flat; the ex factory price of Donghai cereals and oil soybean meal (44% protein) was 2400 yuan / ton, flat with that of last week; the ex factory price of Guangxi Haihai soybean meal was 2350 yuan / ton, flat with that of last week; the ex factory price of Guangdong Zhanjiang Huanong soybean meal was 2330-2370 yuan / ton, 20-30 yuan / ton higher than that of last week It is estimated that the price of soybean meal will continue to decline before the end of the year, but the price of soybean meal in most oil plants will hover around 2300 yuan / ton for some time, and then it will continue to decline The main factors leading to the decline of soybean meal price are: 1 A large number of imported soybeans continue to arrive in Hong Kong It is estimated that 2.2-2.4 million tons of soybeans will be imported in November and 2 million tons in December At present, the landed cost of imported soybeans is about 2700 yuan / ton Therefore, the price of soybean meal is depressed 2 It is expected that in the later period, the soybean price in US market will continue to decline In the near future, the soybean price in the U.S market picked up slightly, only for technical reasons, and will continue to decline in the later period 3 At present, soybean freight is stable, generally around 60 US dollars / ton November and December are the peak season of feed demand, so it has a certain inhibitory effect on the decline of soybean meal price However, due to the pressure caused by the above reasons, the soybean meal market overall shows a downward trend.