BTMA——Leader in soybeans oil press machinery industry
In terms of international soybeans, the high yield of Brazilian soybeans is a foregone conclusion. With the acceleration of harvesting, the supply pressure brought by centralized listing has gradually manifested. Argentina’s soybean production is still expected to be lowered, but the impact of the reduction on the market may be limited. In the second quarter, South American soybean logistics outbound became the focus of market attention.
Judging from the recent market, the bull market in domestic and foreign oil markets may have ended, and US soybean oil may fluctuate at a high level due to low inventories in the short term. The increase in domestic demand offsets the lack of exports, and the sentiment fluctuations in the consumption of firewood have increased, due to the setback of the international crude oil rise. The decline in the market needs to wait, until the US soybean oil supply and demand structure undergoes a substantial change.
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BTMA News on March 30
