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Domestic pressure is high, soybean meal is cautious

Golden Ten Futures, June 5th, South American markets are stable, and there is no worry about the weather in the United States. The domestic arrival at Hong Kong was delayed in May, and the arrival at Hong Kong was strong in June-July. Soybeans and soybean meal will continue to accumulate, and spot pressure is high. There is no obvious driver in the short term. The disk is expected to be mainly volatile. It may be weak under domestic pressure, but the support below is strong and the space is small. It can cooperate with the weather, and choose opportunities to do more in the medium term. If the weather continues to be good, it tends to continue to be weak under the loose global supply. Pay attention to the monthly report and weather guidance.