USDA Monthly Report Comments: The report affects the overall neutrality more, why did the futures price of US beans rise and then fall?

Gold Ten Futures July 15th news, USDA report on the impact of the overall neutral more, but due to the good growth state of the US soybean crop, the US bean futures price rose after the report was released and then fell back. In the domestic market, the increase in consumption was weaker than the increase in supply, making the current domestic soybean and soybean meal inventories high. The monthly average import volume of soybeans to Hong Kong from June to September may exceed 9.50 million tons. The supply pressure continues. The current situation of soybean meal and the continuation to the third quarter is more pessimistic. The expectation is mainly the weather transactions that may be brought about by the new production of US beans. In summary, the soybean meal market in our country as a whole is pessimistic and the expectation is still uncertain. It is expected that soybean meal futures, spot and basis will continue to be weak and bottom-building. Continue to pay attention to the growth of US beans in the new season