Expected domestic soybean product prices to fluctuate in the near term

First, the frequent adjustments to U.S. tariff policies may affect China’s soybean procurement pace from the U.S., and the market is awaiting the results of a new round of China-U.S. trade negotiations. Second, oil mills have not fully resumed production after the holiday, and downstream demand needs to recover. Attention is on the subsequent spot market transaction situation. The final rules on mandatory blending of biofuels in the U.S. will be issued before the end of March, providing support to oilseed prices. It is expected that soybean oil prices will outperform soybean meal. (National Grain and Oil Information Center)