Dalian soymeal prices have fallen 6.7% since the start of the previous week, turning crush margins negative and ending the profitable run since early September. Traders say heavy arrivals and a large soybean import pipeline are weighing on meal, with China's imports expected to slow in early next year.
Slower Chinese crush and imports reduce demand for US and Brazilian soybeans, weighing on global soybean and meal prices and pressuring feed buyers' cost outlook.
After 803 past bearish trade events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.7%), and +0.9% over 20.
After 384 past bearish trade events, Soybean Meal moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and -0.5% over 20.
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.