Weekly Strategy Outlook: How will soybean meal perform this week?

Golden Ten Futures, May 20th, early May, many places in Rio Grande do Sul, Brazil, floods and landslides. Affected by the heavy rain in southern Brazil, the soybean harvest in Rio Grande do Sul has been blocked, and the output is expected to be reduced. In addition, it will also affect the export transportation of Brazilian soybeans. The USDA's May supply and demand report is generally bearish, but due to the early digestion of the market, it has little impact. The planting of beautiful beans continues, and the current planting progress is slightly slower. From late April to the present, the rainfall in the United States has increased compared with last year, and the proportion of arid areas has decreased significantly compared with last year. With the increase in soybean arrivals in the port in May, the national soybean and soybean meal inventories of oil mills are expected to rebound, and the tight soybean meal supply pattern in some regions may turn < b > It is expected that the pulp will fluctuate upward this week , and the operation is recommended to go long on dips.