Soybean meal: The excellent rate of American beans is expected to stabilize and produce high yields, and the report affects neutral

Golden Ten Futures, June 13, this week, the US Department of Agriculture released the first excellent rate data of the year, and the 72% start continues to stabilize the outlook for this year's high yield. At the same time, in the supply and demand report released early this morning, the US bean reduced the amount of old crop crushing and Brazil's production, but the market responded flatly to this, and the US bean futures closed at the Doji line. For the domestic market, the continued increase in supply will continue to be the dominant force of fundamental factors. Before the basis and volume pick-up volume improve, Zhuochuang Information expects that the soybean meal market price will be difficult to find an upward driver.