The article comes from: http://www.chinafeed.com.cn/

With the acceleration of the harvest of American beans, and the sowing of Brazilian soybeans, the downward pressure on the international soybean market is greater. The domestic soybean meal spot market has a better trading volume after the holiday, especially the basis contract trading volume is higher from June to September next year. In the case that the future arrival of soybeans is expected to be stable, the spot price is expected to fluctuate, and the spot price basis price will be strong. 

Domestic soybean meal supply is expected to turn neutral The domestic soybean meal spot basis has been strong recently, and the market's forecast for soybean arrivals in the next three months has turned neutral, with an average monthly soybean arrivals of 7.4 million tons. At the same time, the amount of soybean meal delivery after the holiday has maintained a strong level, and the upstream inventory pressure has continued to ease, which will help the spot basis price of soybean meal to maintain an upward trend in the future.