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Mysteel data show soymeal inventories at major Chinese crushers rose 9.4 million tons week on week to 1.389 million tons in week 44, up 20.5% year on year. Soybean crush fell to 2.13 million tons, below estimates, and the crush rate was 57.86%.
Brazil's Mato Grosso soybean planting reached 89% and Brazil's national planting reached 56.4% as of 30 October.
Rising soymeal stocks alongside lower apparent consumption and weaker crush point to bearish pressure on soymeal prices. Faster Brazilian planting and a larger harvest outlook add to supply expectations ahead.
chinafeedm.comNov 3, 2026Not enough comparable past events yet for a historical read.
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.
