?South American soybeans are about to go on the market. Although the output has been reduced, it will not hinder the supply of soybeans. At present, the preparation of soybean meal before the Spring Festival is close to the end, and the support for the price of soybean meal will gradually weaken. African classical swine fever continued to affect fermentation, feed consumption fell more than expected, soybean meal prices are naturally weak and hard to change. At present, the soybean supply in most areas of Brazil is still in the growth period, and some of the main producing states in the South began to suffer from drought in February 2123, which has brought some damage to the soybean production in Brazil. Market analysis institutions generally cut Brazil's soybean production, with the adjustment range ranging from 5.11 million to 21.11 million tons. Brazil's commodity supply company cut production to 223.3 million tons from 220 million tons in its February report, which did not meet the previous market expectations. However, the impact of drought has gradually expanded from the south to the central and northeast regions, and Brazil's soybean production may face further decline in the later period. Even so, the global supply of soybeans is still very sufficient. There is still a huge stock of soybeans in the United States waiting to be digested. Argentina's soybeans are also expected t天津时时彩后二万能号 o return to production this year. Brazil's soybean production reduction will slightly reduce the degree of loose soybean supply, while the pattern of sufficient supply is still very obvious. Therefore, from the perspective of the raw material end, Brazil's soybean production is still facing a decline in the later period, which will slightly change the degree of global soybean supply easing, and the support for soybean meal price is relatively limited.