【 National Capital Annual Report 】 Soybean Meal - Low Warehouse and High Demand Consolidate the Bottom of the External Market, South American Weather Market Meal is Easy to Rise but Difficult to Fall

The final inventory of US soybeans may drop to a historic low in nearly seven years, and global soybean supply and demand are in a tight balance. The market is focused on the growth status of new South American soybeans under the background of La Ni ñ a. It is expected that the external market will continue to rise but not fall until the outlook for South American soybean production is clear.