Japonica rice market prices are expected to run steadily

Japonica rice market prices will run steadily Affected by gradually rising temperatures and the plum rain season in the south, terminal consumer demand in the rice market has declined somewhat, and off-season characteristics are clearly evident, so processing enterprises will see even slower sales progress. Under the influence of regulatory policies, ample supply, and relatively stable demand, the domestic japonica rice market will show a steady trend, with little possibility of large fluctuations.

Bearish sentiment prevails, soybean meal's mid-term downtrend remains unchanged The USDA June supply and demand report lacked bullish factors, and affected by this, the Lian soybean meal 1509 contract fell sharply. Analysis suggests that persistently good weather in the main U.S. soybean producing areas and record planting area are the main factors triggering this round of sharp declines in soybean meal. Domestic soybean arrivals have increased substantially, crushing plant operating rates have risen, and feed demand is weak; at this stage, bearish sentiment prevails in the market. In the mid-term, during the U.S. soybean weather speculation period, there is a relatively high probability of sufficient precipitation and good weather in the main producing areas. In addition, the U.S. soybean stock-to-use ratio of 12.72% is the highest since 2007. Against the backdrop of enormous supply pressure, Lian soybean meal is expected to find it difficult to sustain a rebound.