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Dalian soymeal futures closed up 3.15% week on week as of September 4, 2026. Guangxi spot soymeal traded at a negative basis to futures amid high crush-plant inventories and cautious downstream buying.
Feed mills are well stocked and waiting for a price correction.
Heavy inventories and weak feed buying cap spot demand, so futures gains are not fully passing through to physical prices. Soymeal prices in China face pressure until inventories fall.
mysteel.netSep 7, 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.
