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Group 1 - The current price of soybean meal is critical as it approaches the key level of 3000 yuan/ton, raising questions about its stability [2] - There is a divergence between spot and futures markets, with spot prices remaining stable while futures have retreated [2][3] - The retreat in futures prices indicates a change in market expectations for future conditions, influenced by factors such as the return of U.S. soybeans to the Chinese market [3][9] Group 2 - Recent developments suggest urgency from the U.S. side regarding soybean exports to China, highlighted by Trump's social media post and the U.S. Soybean Association's call for action [6][8] - The expectation of a high yield for U.S. soybeans adds pressure for them to re-enter the Chinese market, which could alleviate supply tightness in the fourth quarter [9] - There are rumors of a potential government release of 3 million tons of soybeans, which, regardless of its truth, contributes to market sentiment affecting soybean meal prices [9][11] Group 3 - Despite the recent retreat in prices, the decline is expected to be limited due to cost support and seasonal demand increases in the fourth quarter [11] - The overall trend for soybean meal is anticipated to be a slow upward movement, with a higher likelihood of price increases compared to declines [11]