# South American weather disturbances persist; soybean meal futures still have upside

> Huatai Futures notes Dalian soymeal futures fell 5.6% to 3183 yuan/t on October 30, with Chinese crushing at high levels and meal inventories at 1.3 million tonnes. US soybean yield was raised to 53.1 bu/acre, and Brazil's Parana planting reached 62%.

- Date: 2026-11-02 · published 2026-11-02T19:37:40.163Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/75663-south-american-weather-disturbances-persist-soybean-meal-futures-still-have
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Heavy crushing and large meal stocks weigh on prices, but South American weather risk tied to El Niño could support soymeal later. Forecasts vary on direction.

## Read by commodity

- SBM: neutral
- SOY: neutral

## Sources

- finance.sina.com.cn: https://finance.sina.com.cn/money/future/fmnews/2026-11-02/doc-inixicie7289798.shtml

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.