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Original title: USDA sends out double surprises Soybean mealSource of response to the skyrocketing spot transaction price: Wenhua Finance
The US Department of Agriculture sent out double surprises. The planting area was lower than expected, and the quarterly inventory was the lowest in six years. The US soybeans surged by more than 6%, reaching the highest in more than two weeks. US soybean meal once hit the daily limit. The rising tide triggered by this has also swept the domestic market. Oils and oils have shown their talents. Soybean meal rushed to a 3-week high in one fell swoop, soaring 4.84%, and spot transaction prices also rose sharply. On July 1, the soybean meal transaction of domestic mainstream oil plants increased slightly. The total transaction volume on that day was 44,500 tons, an increase of 10,500 tons from the previous day. Basis trading volume was 12,000 tons, and spot trading volume was 32,500 tons. The average transaction price was 3655 yuan/ton, an increase of 146.85 yuan/ton from the previous day, setting a new 7-week high.
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