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On November 13, 43% soybean meal spot prices in the Hubei-Hunan region fell: Wuhan Zhonghai quoted 3,140 yuan/t, down 20 yuan, and Yueyang Daodaoquan quoted 3,090 yuan/t, down 30 yuan.
Small daily declines in regional spot soymeal reflect ample supply and soft downstream demand, pointing to continued weak domestic soymeal pricing.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.