豆粕：美豆小幅收涨，连粕调整震荡，豆一，震荡

Report Industry Investment Rating - The report does not provide an overall investment rating for the industry [1] Core Viewpoints - On April 22, CBOT soybeans had a technical rebound, and the benchmark contract closed up 0.5%. The rebound was due to the financial market recovering from the previous day's decline and the US Treasury Secretary's positive remarks on China - US trade [3] - The trend intensity of both soybean meal and soybean No.1 is 0, indicating a neutral state for the report - day's daytime main - contract futures price fluctuations [3] Summary by Relevant Catalogs 1. Futures Market - DCE soybean No.1 2507 closed at 4260 yuan/ton during the day session, up 119 yuan (+2.87%), and 4253 yuan at night, up 39 yuan (+0.93%) [1] - DCE soybean meal 2509 closed at 3054 yuan/ton during the day session, up 11 yuan (+0.36%), and 3044 yuan at night, down 4 yuan (-0.13%) [1] - CBOT soybean 07 closed at 1046.25 cents per bushel, up 4.75 cents (+0.46%) [1] - CBOT soybean meal 07 closed at 299.6 dollars per short - ton, down 0.8 dollars (-0.27%) [1] 2. Spot Market - In Shandong, the soybean meal (43%) price was 3450 - 3580 yuan/ton, either unchanged or up 20 yuan from the previous day [1] - In East China, prices in different regions and different time - periods had different basis relationships with futures contracts, mostly remaining unchanged from the previous day [1] - In South China, the price was 3350 - 3530 yuan/ton, up 90 or 130 yuan from the previous day, with some quantity limitations [1] 3. Main Industry Data - The trading volume of soybean meal was 34.45 million tons per day on the previous trading day, compared with 27.3 million tons two trading days ago [1] - The inventory of soybean meal was 15.68 million tons per week on the previous trading day, compared with 30.18 million tons two trading days ago [1]