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1.Brazil's 2023 24 soybean harvest progress was 06%, 0. higher than the same period last year3%。
2.Brazil's soybean production in 2023 24 is estimated at 1., according to the consultancy Cogo55.2 billion tons, about 5 million tons lower than the value in December, but still slightly higher than the historical peak of 1 in the previous year54.6 billion tons.
Soybean meal**
After U.S. soybeans** fell to their lowest level since December 2021, sentiment was boosted by oversold market technicals and oil prices**, with CBOT soybeans *** slightly**. Affected by the trend of soybeans in the U.S. market, soybean meal continued to open high and low today, and the main 2405 contract closed at 3144 yuan ton, down 10 yuan ton, or 032%。
Soybean meal spot
Today, the national oil mills and merchants 43% protein soybean meal are slightly sorted, including 3,860 yuan tons of Qinhuangdao oil mills; Tianjin ** merchant 3700 yuan ton, down 30 yuan ton; Yantai Oil Plant 3800 yuan tons; Lianyungang Oil Plant 3800 yuan ton; Quanzhou oil mill 3,800 yuan ton, down 20 yuan ton; Dongguan foreign-funded oil mills 3,730 yuan ton, down 60 yuan ton; Fangchenggang Oil Plant 3,780 yuan ton, down 20 yuan ton; Zhoukou Oil Plant 3870 yuan ton; Xi'an Oil Plant was 3,870 yuan tons, down 20 yuan tons.
Outlook for the market
U.S. soybean fell to a low point of more than two years after driving the cost of imported soybeans downward, the cost side support weakened, superimposed on the high domestic soybean meal inventory and feed breeding enterprises stock demand is light, the number of transactions is limited in the case of oil mills are weak, soybean meal spot ** continues to run weakly, and wait for the monthly report to guide the market.
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