Core Viewpoint - Domestic soybean meal prices are experiencing fluctuations, with spot prices in coastal areas ranging between 2920-2980 CNY/ton, reflecting a change of approximately 10 CNY/ton in various regions [1] Price Overview - As of August 12, soybean meal prices in major markets are as follows: - Beijing: 3010 CNY/ton for 43% crude protein [2] - Tianjin: 3000 CNY/ton for 43% crude protein [2] - Tangshan: 3010 CNY/ton for 43% crude protein [2] - The futures market shows the main soybean meal contract closing at 3091.00 CNY/ton, with a daily increase of 0.72% and a trading volume of 1,107,230 contracts [2] Shipping and Inventory Data - In the first week of August 2025, Brazil exported a total of 684,900 tons of soybean meal, a significant decrease from 2,132,700 tons in the same period last year, although the daily average shipment increased by 17.75% [3] - As of August 8, the inventory of soybean meal in major oil mills across the country is 1 million tons, showing a week-on-week decrease of 40,000 tons but a year-on-year decline of 500,000 tons [3] Market Analysis - Weather forecasts indicate less rainfall in the eastern and central plains, which may negatively impact soybean growth. The market is advised to monitor weather changes closely [4] - Following statements from the U.S. President regarding increased soybean imports from China, U.S. soybean prices surged, leading to a significant drop in domestic soybean meal prices. Short-term fluctuations in soybean meal prices are anticipated [4]