# Mysteel soybean and relatives market daily: DCE soybean meal dips and recovers; DCE soybean meal sees tug-of-war at low levels | Mysteel

> Mysteel reports Dalian soybean meal prices dipped and recovered, trading in a tug-of-war at low levels. Seasonal selling pressure is strongest in this period, and the Brazilian real depreciated more than 10% after President Lula's election-related developments.

- Date: 2026-10-30 · published 2026-10-30T10:05:23.047Z
- Category: macro · region China · magnitude medium
- Page: https://feedsoft.ai/events/2039-mysteel-soybean-and-relatives-market-daily-dce-soybean-meal-dips-and-recovers
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md), [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Sharp real depreciation makes Brazilian soybean meal cheaper for export, adding pressure on Chinese meal prices. Seasonal Brazilian supply pressure reinforces the bearish outlook for soybean meal.

## Read by commodity

- SBM: bearish ▼
- USDBRL: bullish ▲
- USDCNY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2020-01-28 | [Soybean market looking for good news \| An official publication of Michigan Farm Bureau](https://feedsoft.ai/events/55165-soybean-market-looking-for-good-news-an-official-publication-of-michigan-farm.md) | -2.7% | -3.8% |
| SBM | 2024-12-18 | [Brazil's real hits record low as markets eye govt spending \| Reuters](https://feedsoft.ai/events/27143-brazil-s-real-hits-record-low-as-markets-eye-govt-spending-reuters.md) | +1.6% | +2.5% |
| SBM | 2023-08-21 | [Soybean meal in Russia has risen in price against the background of the weakening of the ruble](https://feedsoft.ai/events/34669-soybean-meal-in-russia-has-risen-in-price-against-the-background-of-the.md) | +2.6% | -3.1% |
| SBM | 2026-10-29 | [Brazil soybean meal prices post sharpest daily drop since April after presidential election \| World Ports Organization](https://feedsoft.ai/events/1321-brazil-soybean-meal-prices-post-sharpest-daily-drop-since-april-after.md) | -3.3% | — |
| SBM | 2026-10-28 | [Sharp decline in Brazilian real boosts competitiveness of soybean meal exports](https://feedsoft.ai/events/131-sharp-decline-in-brazilian-real-boosts-competitiveness-of-soybean-meal-exports.md) | -3.8% | — |
| USDBRL | 2024-09-23 | [Dollar rises more than 1% at the start of a week marked by inflation data in Brazil and the US \| Brasil 247](https://feedsoft.ai/events/28517-dollar-rises-more-than-1-at-the-start-of-a-week-marked-by-inflation-data-in.md) | -1.1% | +3.9% |
| USDBRL | 2024-12-18 | [Brazil's real hits record low as markets eye govt spending \| Reuters](https://feedsoft.ai/events/27143-brazil-s-real-hits-record-low-as-markets-eye-govt-spending-reuters.md) | +1.3% | -1.1% |
| USDBRL | 2021-01-22 | [Latam FX falls as dollar rises, Brazil real lags peers for the week - Markets - Business Recorder](https://feedsoft.ai/events/49387-latam-fx-falls-as-dollar-rises-brazil-real-lags-peers-for-the-week-markets.md) | +0.4% | +0.3% |

## Sources

- mysteel.net: https://www.mysteel.net/analysis/5146744-mysteel-soybean-and-relatives-market-daily-dce-soybean-meal-dips-and-recovers-dce-soybean-meal-sees-tug-of-war-at-low-levels

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