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What do you think of the soybean futures market?
Traders took profits and CBOT soybean futures closed down on the 2nd.

In May, soybeans closed at 1462.25 cents, down 22.25 cents, with a high of 1522 cents and a low of 1506 cents.

165438+1October soybeans closed at 1 198 cents, down 9.25 cents, high 1307 cents and low 1288 cents.

Traders predict that if the weather is fine, the soybean yield will reach 44 bushels/acre, compared with 43.3 bushels/acre last year, and the ending inventory is expected to be nearly 33,000 bushels, with an inventory utilization rate of 9.9%. If the output reaches the historical record of 44.7 bushels/acre, the ending inventory is expected to be close to 387 million bushels. If the output is the same as last year, the ending inventory will still rise to 274 million bushels.

Traders predict that the weekly export sales of old soybeans are nearly 654.38+10,000 tons and new soybeans are 450,000 tons. The export sales volume of soybean meal is estimated to be nearly 6.5438+0.5 million tons.

In May, soybean meal closed at $476.5/short ton, down $6.2, with the highest at $456.7 and the lowest at $449.3.

In May, soybean oil closed at 40.85 cents per pound, down 0.55 cents, with the highest at 48.5 cents and the lowest at 47.8 cents.