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Dalian soybean meal futures strengthened while spot prices lacked momentum, so the basis widened. Crushers cut forward-month basis offers to win volume, with about 90% of one day's trade in forward contracts.
Strong crush margins encourage heavy crushing, which adds meal supply and limits spot price gains in China.
mysteel.netFeb 3, 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.
