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2026-09-16 19:52:10
[Soybean Meal Transactions Surge and Fall, Spot Market Share Increases] ⑴ Soybean meal transactions at major oil mills across the country surged to over 340,000 tons on September 14th, then fell back to approximately 230,000 tons on September 15th, and further decreased to approximately 140,000 tons on September 16th. ⑵ Compared to the previous week's average daily transaction volume of approximately 140,000 tons, the transaction level at the beginning of this week was significantly higher, but has continued to shrink in the past two days, indicating a cooling of market sentiment towards further price increases. ⑶ Spot transactions gradually fell from approximately 200,000 tons to approximately 120,000 tons during the same period, but its share in total transactions increased, with a more significant decline in basis and forward contract transactions. ⑷ The rapid rise and fall in transaction volume reflects that downstream buyers have turned to a wait-and-see approach after concentrated restocking, with a more cautious purchasing mentality, awaiting clearer price guidance. ⑸ Going forward, attention should be paid to changes in oil mill operating rates and inventory, the recovery of end-user demand in the livestock sector, and the transmission of overseas soybean market trends to soybean meal spot market sentiment.
