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Domestic Chinese soybean meal prices fell more than 2% over the past week, according to SunSirs. Processors are running at negative margins, with Brazilian-soybean crush losses of -185 to -153 yuan per ton on November and December shipments.
China's soybean stocks reached a record 6.8 million tons in August after a record 12.28 million tons were imported that month.
Large Chinese soybean stockpiles and negative crush margins point to reduced processing and weaker meal demand, which supports lower meal prices and softer import demand.
ukragroconsult.comSep 30, 2025Not 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.
