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China's weekly soybean meal net sales fell to a yearly low of 23,700 metric tons for 2025/26 for the week ending September 10, down 44% week on week. New-crop 2026/27 sales of 186,800 tons were at the low end of expectations.
Weak Chinese buying signals soft import demand for meal, pressuring spot prices and the outlook for Dalian futures.
After 384 past bearish trade events, Soybean Meal moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and -0.5% over 20.
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.