Soybean meal may be difficult to form a trend decline, so pay attention to the month-end area report in the short term

Gold Ten Futures June 17th news, last week USDA released the June supply and demand report slightly bearish, the report continued the May report on the 24/25 year's numerical forecast, but due to the 23/24 year of squeezing a 10 million Pu downward, the year's final inventory is estimated at 455 million Pu, belonging to the historical high level, and in this forecast, the library to make the ratio has come to nearly two decades high position. Overall, after the release of the report, the market sentiment deviation, especially the spot has fallen below 3,300 points in some areas, and the basis quotation is also very weak, which will also put some pressure on the futures. In the future, under the condition that the weather continues to be normal, the market bullish factors are insufficient. It is not ruled out that the support of 1100-1150 cents will be tested downwards. Short-term or weak operation, but due to the weather theme window still exists, it is difficult for soybean meal to form a trend decline. For upward flexibility, it is necessary to pay attention to the area report at the end of the month and the high temperature in the next two weeks.