豆粕：市场情绪偏强，或反弹震荡；豆一：产区现货稳定，盘面偏强

Report Industry Investment Rating - Not mentioned in the provided content Core Viewpoints - The market sentiment for soybean meal is strong, and it may rebound and fluctuate. The spot price in the soybean-producing area is stable, and the futures price is strong [1] - The CBOT soybean futures closed lower on March 13 due to pre - weekend long - position profit - taking, but it has risen for six consecutive weeks. If the situation eases over the weekend, prices may fall sharply next week; if the situation escalates and crude oil prices continue to soar, agricultural product prices may rise significantly [3] - Concerns about the quality of Brazilian soybeans may bring opportunities to the US soybean market [3] Summary by Related Catalogs Fundamental Tracking - Futures Prices: DCE Soybean No.1 2605 closed at 4973 yuan/ton, up 116 yuan (+2.39%) during the day session and 4966 yuan, up 34 yuan (+0.69%) during the night session; DCE Soybean Meal 2605 closed at 3128 yuan/ton, up 54 yuan (+1.76%) during the day session and 3102 yuan, down 30 yuan (-0.96%) during the night session; CBOT Soybean 05 was at 1223.75 cents/bu, down 3.5 cents (-0.29%); CBOT Soybean Meal 05 was at 322.2 dollars/short ton, up 2 dollars (+0.62%) [1] - Spot Prices: In different regions, the spot price of soybean meal (43%) and its basis to the futures contract vary. For example, in Shandong, the price is 3350 - 3400 yuan/ton, and the basis to M2605 ranges from +180 to +340 yuan/ton at different times; in the Northeast, the soybean net - grain purchase price is 4760 yuan/ton [1] - Volume and Inventory: The trading volume of soybean meal is 6.55 - 9.54 million tons per day, and the inventory is 73.52 million tons per week [1] Macro and Industry News - On March 13, CBOT soybean futures closed lower due to pre - weekend long - position profit - taking. The previous day, it reached a nearly two - year high driven by soaring crude oil prices [3] - The conflict between the US, Israel, and Iran has lasted for nearly two weeks, and crude oil prices are near a four - year high, which supports agricultural futures [3] - Traders are closely watching the meeting between the US Treasury Secretary and the Chinese Vice - Premier to assess the prospects of the meeting between the US President and the Chinese leader at the end of March. China's demand for US soybeans is a key issue [3] - Some Brazilian soybeans bound for China failed port inspections, raising concerns about Brazilian soybean quality, which may benefit the US soybean market [3] Trend Intensity - The trend intensity of soybean meal is +1, and that of soybean No.1 is +1, indicating a relatively strong trend for both on the day - session's main - contract futures price [3]