# Agricultural Products | Hogs: Futures Deep Decline Diverges From Spot; Hog Price Low-Level Recovery Awaits Confirmation

> Soymeal main contract stabilized and rebounded near August lows, with CBOT soybeans closing near two-month lows amid harvest pressure at 79% complete. Crush margins for Brazilian soybeans improved while US Gulf margins stayed negative, and palm oil and soyoil rebounded alongside weaker Brent-linked moves.

- Date: 2026-11-02 · published 2026-11-02T19:37:57.130Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/75671-agricultural-products-hogs-futures-deep-decline-diverges-from-spot-hog-price
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Harvest pressure and Brazilian planting competition keep soy and meal values capped, while US crush economics and biofuel (EPA) uncertainty shape the demand outlook for oils and meal.

## Read by commodity

- SBM: neutral
- SBO: neutral
- SOY: bearish ▼
- CANMEAL: neutral
- PALMOIL: bullish ▲

## Sources

- finance.eastmoney.com: https://finance.eastmoney.com/a/202611023917874834.html

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