Soybean Daily: Soybean Meal Prices Fall Significantly Across Regions Over the Weekend

①Theoretical cost of imported soybeans: American soybeans in July cost 1307, and the theoretical cost of Brazilian beans shipped in June is 4041, calculated at 7550 discounted meal price of 3535. The average spot price last Friday was 4208, and the oil-meal ratio for September was 2.06.

②The continuous decline in CBOT soybean prices has had a stronger impact on the mentality of China’s high-priced soybean meal spot prices, and over the weekend, soybean meal prices in various regions have clearly fallen. According to data from the National Grain Corporation, crushing volume increased significantly last week. This week’s crushing level, changes in soybean meal inventory indicators, and the game between supply and demand will be monitored.