# Futures lift soybean meal spot prices despite high inventories and weak downstream acceptance | Mysteel

> 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.

- Date: 2026-09-07 · published 2026-09-07T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/17555-futures-lift-soybean-meal-spot-prices-despite-high-inventories-and-weak
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

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.

## Read by commodity

- SBM: bullish ▲

## Sources

- mysteel.net: https://www.mysteel.net/analysis/5139750-futures-lift-soybean-meal-spot-prices-despite-high-inventories-and-weak-downstream-acceptance

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.