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China is exporting record quantities of soybean meal, with exports near 600,000 tons in the first four months of 2024, almost five times the prior year's level. The shipments reflect a shrinking hog herd and weak domestic pork demand, leaving local soymeal prices near three-year lows.
Chinese soymeal exports add some supply to global markets, but they are small relative to Argentine and Brazilian exports of over 20 million tons each, so the price impact is limited while domestic weakness persists.
在过去 384 次看跌的贸易事件之后,豆粕 在 5 个交易日内中位数变动 -0.2%(47% 上涨;中间一半区间为 -1.7% 至 +1.6%),20 个交易日内为 -0.5%。
在过去 250 次中性的贸易事件之后,大豆 在 5 个交易日内中位数变动 +0.0%(50% 上涨;中间一半区间为 -1.4% 至 +1.6%),20 个交易日内为 -0.2%。
各商品基准价相对事件前最后收盘价的变动。历史数据汇总同类过往事件;仅描述已发生的情况,不代表未来走势。不构成投资建议。