Cotton meal prices fluctuate and will continue to fluctuate in the short term
Cotton meal fluctuated and adjusted, with price fluctuations mixed. Although boosted by the strong breakthrough of American soybeans, the soybean meal market will continue to expand its rebound space, which is beneficial for the cotton meal market; At the same time, the rise in cottonseed prices in Xinjiang has supported the cost of Xinjiang cotton meal. However, the decrease in cottonseed prices in Xiajin has led to some price reductions in some regions.
Cotton meal: The supply of cotton in the new season has increased, and the operating rate of cotton oil enterprises has increased compared to before. The supply of cotton meal has increased, and the demand for cotton meal is poor. However, soybean meal is expected to rebound, which is beneficial for cotton meal, so cotton meal will continue to fluctuate in the short term.