On June 28, according to media reports, the Chicago Board of Trade (CBOT) soybean meal futures market closed sharply on Tuesday, of which the benchmark period closed down by about 3.40%, because the arbitrage of buying soybean oil and selling soybean meal was active.
As of the close, soybean meal futures fell by US$7.30 to US$14.40, of which the July futures closed at US$7.30 lower at US$407.30/short ton; the August futures closed at US$9.50 lower at US$400/short ton; 12 The monthly contract closed down by US$13.50 at US$385.40 per short ton.
The most actively traded December contract traded between $384.50 and $399.60.
Volume in soymeal futures was estimated at 168,410 lots Tuesday, compared with 125,376 lots in the previous session. The volume of empty positions was 505,064 lots, compared with 501,430 lots in the previous trading day.
