Spot prices for 43% soybean meal fell in several Chinese markets on November 3, 2026, including Guangdong, Guangxi and parts of the Northeast and East China. Most quotes dropped by 10 to 40 yuan per tonne, while Sichuan-Chongqing quotes were mixed.
Prices ranged from roughly 3,120 to 3,360 yuan per tonne.
Lower domestic spot quotes point to ample soymeal supply relative to feed demand in China, which weighs on feed-ingredient costs for buyers. The move is a routine market update with no new supply shock.
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.