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Soybean Meal: Weather Affects Per Unit Yield

by Joy

On June 7, on the supply side, there are some concerns about the external weather, especially in the Midwest of the United States, where some signs of drought have begun to sprout, and we need to pay attention to the precipitation in the next few weeks; on the demand side, although terminal demand is still weak , but in the intermediate processing link, HG spot checks are still going on, and there are crushing plants in East China and Shandong that have been spot checked, and the crushing operating rate is still subject to this, so both the basis and the disk are up.

Macroscopically speaking. The macro sentiment has improved slightly, and the previous debt ceiling has been reached, which is bullish for peripheral commodity assets.

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Generally speaking, the core unilateral still depends on the weather to affect the yield, resulting in a reduction in production to promote the trend of the rise.

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