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Chinese domestic soybean spot prices have held firm this year, supported by higher planting costs, reduced planting area expectations and the strong El Niño. High-protein, good-quality beans are commanding premiums of about 5,200-5,300 yuan/t, while low-protein, green-bean lots trade at 4,800-5,100 yuan/t.
Processors are still reluctant to buy ordinary beans, and soymeal stocks are building.
Buyers should expect a wide quality spread, with protein content driving price. Weak crush demand and rising soymeal inventories point to limited upside for domestic meal prices, even as spot beans stay firm.
finance.sina.com.cnNov 13, 2026Not 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.
