豆粕：隔夜美豆收跌，连粕调整震荡，豆一，豆类氛围偏弱，调整震荡

Group 1: Report Industry Investment Rating - No relevant content found Group 2: Core Viewpoints of the Report - Overnight, US soybeans closed lower, and Dalian soybean meal adjusted and fluctuated; the soybean market sentiment was weak, with adjustment and fluctuation [1] - On August 19, CBOT soybean futures closed lower mainly due to good soybean yield potential found by inspectors and long - position profit - taking [3] Group 3: Summary Based on Related Catalogs 1. Fundamental Tracking Futures - DCE soybean 2511: The daytime closing price was 4046 yuan/ton, the night - time closing price was 4019 yuan/ton, with a decline of 10 yuan/ton (-0.25%) during the day and 33 yuan/ton (-0.81%) at night [1] - DCE soybean meal 2601: The daytime closing price was 3161 yuan/ton, the night - time closing price was 3134 yuan/ton, with an increase of 14 yuan/ton (+0.44%) during the day and a decline of 33 yuan/ton (-1.04%) at night [1] - CBOT soybean 11: The price was 1033.25 cents/bushel, a decline of 7.25 cents/bushel (-0.70%) [1] - CBOT soybean meal 12: The price was 295.7 dollars/short - ton, an increase of 4.1 dollars/short - ton (+1.41%) [1] Spot - Shandong: The spot price of soybean meal (43%) was 3070 - 3090 yuan/ton, with different basis prices for different delivery months [1] - East China: The spot price of soybean meal was 3000 yuan/ton (Taizhou Huifu), with various basis prices for different months [1] - South China: The spot price of soybean meal was 3050 - 3110 yuan/ton, with different basis prices for different delivery months [1] Industrial Data - The trading volume of soybean meal was 31.4 million tons/day in the previous trading day and 9.65 million tons/day two trading days ago; the inventory was 97.4 million tons/week in the previous week and 96.09 million tons/week two weeks ago [1] 2. Macro and Industry News - On August 19, CBOT soybean futures closed lower. The ProFarmer organization's inspection found that the number of soybean pods in Ohio and South Dakota was above average on the first day, and traders were waiting for more reports on the second day. The USDA reported that private exporters sold 228,606 tons of US soybeans to Mexico for delivery in the 2025/26 season [3] 3. Trend Intensity - The trend intensity of soybean meal was 0, and that of soybean was 0 (only referring to the price fluctuation of the main contract in the daytime on the reporting day) [3]