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December soybean meal futures were last quoted at $335.70 per short ton on October 28, down about 6.7% from $359.80 on October 15. Crush margins slipped to $2.35 a bushel, a two-month low, and USDA holds its 2026/27 meal price estimate at $340.
Softer crush margins reduce near-term meal supply pressure, and meal trading below USDA's estimate signals weaker meal prices for feed buyers.
Not 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.