Golden Ten Futures Collation | Soybean meal futures fell sharply today, a flash summary of recent events in the bean market

< br > 1. September 7-9 (customs data): China imported 12.279 million tons of soybeans in August, a record high. Previously, imports of 11.67 million tons in July were also at a high level; suppressing expectations for the far month. < br > 2. September 10-12 (trade flow): Reuters said that China's October shipping schedule is about 7.40 million tons (95% of demand), mostly from South America; the absence of US beans in the fourth quarter suppresses the CBOT and the inner market far month premium. < br > 3. September 13 (USDA September Monthly Report): USDA raised the production and pressing estimate of US beans, lowered exports, and raised the carry-over to 300 million. The market believes that the report is slightly neutral. < br > 4. September 16 (Pig Capacity Control Enterprise Symposium): The Ministry of Agriculture and Rural Affairs took the lead in participating with the Price Division of the National Development and Reform Commission, and proposed to focus on "controlling two breeding" and reduce about 1 million breeding sows within the year, aiming to be slaughtered next year. < br > 5. September 19 (Soybean meal inventory pressure increases): According to the National Grain and Oil Information Center, as of the week of September 19, the soybean meal inventory of major oil plants in the country 1.23 million tons, the week-on-week ratio increased by 80,000 tons, and the month-on-month increased by 190,000 tons. < br > 6. September 22-23 (Argentina's export tariff "phased exemption"): Argentina announced a phased exemption of export tariffs on soybeans, soybean oil, soybean meal, etc. until October 31, and the outer plate of American beans fell overnight. < br > (The above content is compiled from open market information, for reference only, and does not constitute investment advice)