Soybean meal continues to adjust the trend, but does not expect to continue to fall deeply

Golden Ten Futures, April 10, Xinhu Futures said that U.S. soybean exports continue to face intense competition from Brazil, the world's top exporter. Soybean meal continued to adjust the trend, but do not expect to continue to fall deeply. At most, the planting intention report in March will only cause large fluctuations in US beans during the day, and then enter the relative gap period of the subject matter, until the end of June before the planting area report was released. In the second quarter, we began to pay close attention to the weather conditions in the main producing areas of the Midwest of the United States. US beans are in a low position below 1200, and are more sensitive to the weather. We do not look at short US beans, but only adjust. Even meal orders temporarily wait and see, and choose the opportunity to intervene.