Soybean meal futures are derivatives, and its price is influenced by many factors, including supply and demand, policies and regulations, international market and so on. Because the futures price of soybean meal reflects the market's expectation of the future price of soybean meal, we can infer the market's view on the spot price of soybean meal by observing the changes of the futures price of soybean meal.

Extended explanation: It should be noted that the change of soybean meal futures price is only a reference factor in the spot market and cannot fully represent the actual situation of the spot market.