May 31 news
1. The theoretical cost of imported soybeans: US soybeans in July 1294, the theoretical cost of Brazilian soybeans shipped in July 4098, the theoretical reference price of meal converted according to the oil price of 7300 is 3668, the average spot price yesterday is 3775, and the oil-to-meal ratio in September is 2.02
2. The CBOT soybean price continued to go out of the low point in stages, the main July contract fell below 1300 cents, and the November contract representing the new crop fell nearly 1150 cents. The good planting weather and planting progress of US soybeans are the main factors leading this round of market decline. The corn, wheat and crude oil markets in the external markets were all in a state of significant decline last night. The accelerated decline of CBOT soybean prices continues to bring pressure on the current domestic soybean meal price, which is in the period of accelerated price difference regression.
