
Chinese domestic soybean meal spot prices have fallen about 15% since the start of May, to below 3,000 yuan per tonne as of May 20. Soybean imports resumed after the holidays, new tariff declarations pressured futures, and feed manufacturers are buying only when necessary.
Heavy Chinese import arrivals and cautious feed-mill buying weigh on meal demand and pull soybean futures lower, which points to softer soybean meal and soybean prices in the near term.
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.