In 2022, the USDA estimated that the soybean planting area was 3.76 million mu higher than the actual planting area of 202 1, and the American soybean immediately fell.
Subsequently, the United States announced the release of crude oil reserves: Biden said that in the next six months, the United States will release 1 10,000 barrels of strategic oil reserves every day to cope with the rise in US oil prices caused by the situation in Russia and Ukraine.
"The scale of this release is unprecedented: the world has never released oil reserves at a rate of 1 10,000 per day for such a long time.
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Affected by this news, crude oil fell sharply by 7%, and American beans expanded their decline.
At the same time, domestic oil prices have achieved "seven consecutive rises". From 24: 00 on March 3 1 day, gasoline and diesel oil will be raised by 1 10 yuan per ton, which is equivalent to 0.09 yuan per liter of No.92 gasoline.
Take a small private car with a fuel tank capacity of 50L as an example. It costs about 4.5 yuan more to fill a tank of 92% gasoline than before.
Yesterday, the spot price of domestic soybean meal fell by 30- 150 yuan/ton, and some regions quoted:
The price of 43% protein in Qinhuangdao, Hebei Province is 4700 yuan/ton, down 100 yuan/ton; Tianjin 43% protein is quoted at 4600 yuan/ton, down 150 yuan/ton; The price of 43% protein in Taizhou, Jiangsu Province was 4580 yuan/ton, down by 40 yuan/ton; The price of 43% protein in Dongguan, Guangdong Province was 4,650 yuan/ton, down by 70 yuan/ton.
On March 30th, the turnover of soybean meal in domestic mainstream oil plants rebounded, with a total turnover of 27,000 tons, an increase of 2 1.5 million tons compared with the previous day.
The average transaction price was 4,772.5 yuan/ton, down 183.83 yuan/ton from the previous day, and fell for the fourth consecutive day, breaking through the new low in nearly four weeks.
The National Grain Trading Center announced that the first batch of 500,000 tons of imported soybeans will be auctioned on April 1 day.
There is another market rumor that in the next 1-2 months, the auction of the State Reserve will be intensively put on the market, and the overall reserve may exceed 3 million tons.
Affected by this news, domestic soybean meal futures prices rebounded weakly.
According to market sources, due to the decrease of downstream demand, some feed enterprises in the industry have adjusted the feed formula of large and medium-sized pigs, and even zero soybean meal feed has appeared. The addition ratio of soybean meal in other types of feed also decreased from 12% to about 6%, which put pressure on the spot price of soybean meal.
Under the "internal troubles and foreign invasion", domestic soybean meal futures continued to fall. As of today's opening, the soybean meal contract in May has fallen below 500 yuan from the high point, and the spot has fallen below 700 yuan.
Source: Zhinongtong Quote Bao
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