Huatai Futures: Domestic Market Sales Remain Lackluster, Soybean Meal Futures Expected to Continue Range-Bound Trading

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U.S. domestic soybean crushing demand remains strong, but during the Spring Festival, the U.S. tariff dispute has resurfaced, which may affect soybean exports. Soybean prices have experienced some decline, and ongoing attention to tariff policy changes is necessary. Additionally, the U.S. Department of Agriculture Outlook Forum indicated that in the new season, U.S. farmers may increase soybean planting areas and reduce corn planting areas. The estimated soybean planting area is 85 million acres, an increase of 3.8 million acres year-on-year. Continuous monitoring is required. In South America, Brazil’s soybean harvesting has slowed, but this does not change the overall high-yield pattern for the new season. Later arrivals will still exert significant supply pressure on the domestic market. Domestically, after the Spring Festival holiday, there may be some snowfall, which could impact transportation. Future focus should be on developments in U.S. tariff policies and the arrival of Brazil’s new season soybeans. (Huatai Futures)

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