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The average price of soybean meal in China fell about 3% from CNY 3,400/ton at the start of October to CNY 3,298/ton as of October 26, according to SunSirs. The decline is attributed to rising soybean meal stocks.
Ample domestic supply and weak demand are pressuring Chinese meal prices lower, which weighs on global soybean meal values as China is a major importer.
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.