Soybean meal prices earlier in the time was ? The price of soybean meal in earlier times was a roller coaster ride. Trend, showing a way up, and all the way down in price. From the price of 43% protein soybean meal prices rose to about 3300 yuan per ton, some years ago fell back to about 2900 yuan, basically back to the same period many years ago. Looking forward to this preparation time in today's soybean meal prices can rise, but the actual thing will rise? Individuals to analyze!
First of all, taking into account the loose supply situation of local soybean meal, general corn in the period before the Spring Festival soybean meal prices warmed up the trend is not big. Everyone takes into account the stocking market of soybean meal before the Spring Festival, are counting on a rise before the Spring Festival, the consensus is that the greater the expectation the greater the disappointment. Or the demand for soybean meal has been stocked up before the choice of the demander.
Secondly, the local demand for soybean meal showed a low state, because the trough of the pig market, resulting in a great reduction in the enthusiasm for pig farming, making the demand for soybean meal is not sufficient. Soybean meal demand is the feed industry, in the hog price downturn soybean meal prices are naturally high to go.
Third, the inventory of soybean meal increased, according to the earlier situation, the inventory of soybean meal reached the best period in history, the weekly inventory of more than one million tons, in the current market under the influence of the soybean meal to increase the pressure on the stockpile, so that the Spring Festival this period of time before the price of soybean meal is difficult to have a rise.
Fourth, the low price of imported soybean meal from abroad, foreign high-quality soybean meal is now favored in the domestic market, and have seized the local soybean meal market share, coupled with the role of the price trend, soybean meal before the Spring Festival again rose with difficulty.
Soybean meal stockpiling is not necessarily in today, or in an earlier time has been stockpiled, coupled with the current demand for soybean meal and supply factors affecting the price of soybean meal in the current rise is difficult to maintain the earlier price of about 2900 yuan per ton.
So I personally believe that these are the reasons why soybean meal prices are difficult to rise.
The above is purely personal opinion, for reference only.