In the second quarter, the willingness of oil plants to "support meal and weak oil" increased, and the oil-meal ratio may be expected to decline

Gold ten futures April 24th news, at the end of the first quarter, domestic soybean meal fell and rebounded, oil mills squeezed profit rebounded, while soybean oil prices have fallen, oil meal ratio slightly lower, but the magnitude is relatively limited. The second quarter is the supply period of South American soybeans, the monthly average soybean volume to Hong Kong is expected to be about 10 million tons, and the domestic oil meal supply will increase. On the demand side, in the second quarter, with the continuous recovery of soybean meal demand in the aquaculture industry, the soybean meal market has increased supply and demand, and the price is gradually strengthened by the support of fundamentals. The soybean oil market has entered the off-season of traditional consumption, the increase in demand is limited, and the fundamental advantages are not as good as the soybean meal market. Therefore, the willingness of oil mills to "support the weak oil" has increased, and the profit of oil mills has gradually recovered. The oil-meal ratio may be expected to decline, which means that the soybean