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China soybean meal futures and spot prices rose in early January despite record in-plant inventories, with crushers' meal stocks near 1.20 million tonnes, up 71% year on year. The rally was attributed to broader commodity strength, margin protection by crushers, and restocking demand.
Higher Chinese meal prices raise import parity for Brazilian and US meal, supporting global meal values even with heavy domestic stocks. Buyers should expect firm Chinese support unless inventories begin to fall.
mysteel.netJan 9, 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.
