About Can the price fall if the country sells off its soybean meal reserves
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6 FAQs about [Can the price fall if the country sells off its soybean meal reserves ]
Is the soybean meal market a bearish trend?
According to the commodity analysis system of SunSirs, since March, the bearish trend has dominated, and the soybean meal market has experienced a sharp decline after rising, with prices steadily falling.
How has the soybean meal market changed since March 7th?
The soybean meal market has seen a decrease in trading volume, and the market continues to decline. As of March 7th, the average market price of soybean meal has dropped to 3,642 RMB/ton, a decrease of 80 RMB/ton from the beginning of the month.
Should the government improve the system of the soybean futures market?
Secondly, the government should further improve the system of the soybean futures market. The research results show that there is a strong correlation between the international market and the Chinese soybean market, and the international futures price has a significant transmission effect on the price of Chinese soybeans.
Will the soybean meal market continue to weaken?
The soybean meal analyst from SunSirs believes that in mid March, the demand for terminal feed remained weak, and the external soybean futures market showed weak gains. It is expected that the soybean meal market will continue to weaken in the future.
What was the average price of soybean meal in March?
On March 1st, the average market price of soybean meal was 3,722 RMB/ton, and on March 7th, the average market price of soybean meal was 3,642 RMB/ton, a decrease of 2.15% in price. At the beginning of March, the bearish trend dominated, and the soybean meal market briefly rose before continuing to decline, with a drop of over 2%.
How do futures prices affect the soybean spot market?
Fluctuations in the futures market (including international and Chinese futures prices) significantly influence spot market prices, suggesting that price changes in the international and Chinese futures markets are transmitted to the soybean spot market through the futures market’s price discovery function.
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