Loading…
China's soymeal futures (DCE M2609) rose to 3,112 yuan per tonne on July 20, up about 2.8% from July 6, with spot prices firming despite rising inventories. The rally was driven by tighter US soybean balance sheets in the USDA July report and by reports of private export sales of soybeans to China.
Higher US soybean values lift the cost floor for soymeal and support feed ingredient prices, while new Chinese purchases tighten export availability. Buyers should expect firm meal pricing while China's domestic oversupply limits further upside.
mysteel.netJul 20, 2026Not enough comparable past events yet for a historical read.
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.
