The decline in soybean meal inventory strengthens oil mills' willingness to maintain prices.

2026-03-19 05:28:03

Due to speculative funds actively going long, Brent crude oil futures continue to strengthen. CBOT soybean futures closed higher, with the benchmark contract up 0.7%. Currently, Brazil’s soybean harvest progress is relatively slow, and new customs inspection regulations have caused soybean exports to slow down. The amount of soybeans arriving at ports domestically has decreased, and with fewer soybeans passing customs, oil mill inventories have declined. Driven by rigid demand from the livestock sector, soybean meal inventories have decreased, strengthening oil mills’ willingness to hold prices. However, with losses in pig farming and gradually weakening demand, soybean meal may remain volatile and fluctuate sideways. (Feed Industry Information Network)

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