The number of days for downstream storage of soybean meal has generally increased, so why has the price still not improved?

Gold Ten Futures, November 5th, this week, under the influence of imported soybeans unloading, customs clearance and other events, the crushing of oil plants was delayed, traders raised prices, the basis was stronger, the downstream purchase and sales sentiment improved, and the number of days for stocking generally increased by 2-3 days. Oil plants' soybean meal went to storage. However, there is still no improvement in the market. First, the supply pressure still needs to be digested. The gap between the progress of buying ships in recent months and previous years is narrowing. This week, 53 new ships of soybeans were bought. Second, the waters of the US Gulf, the US West, and Brazil all fell. The CFTC management fund held short positions and added positions, and the net position decreased again. The harvest progress of American beans is significantly faster than that of the same period in previous years, and the current harvest is over. The latest planting progress of Brazilian soybeans is 53%. The GO precipitation this week is quite good. The progress of MT falling compared with previous years is also narrowing rapidly. The rainfall in the south is average, and the drought may turn in the second week of November. However, the overall rainfall in October is normal, and the soil moisture is good. It is expected that it will not have an adverse impact on the sowing and growth of crops. Argentina's sowing started smoothly. It is expected to run in a short-term concussion, and pay attention to the impact of the US election results on the disk.