Sinoagri (生意社) published daily spot quotes for feed-grade soybean meal (43% protein) on November 3, 2026. Tianjin prices were listed at 3,230 yuan/ton and Beijing at 3,260 yuan/ton, with several Tianjin traders quoting 3,230 yuan/ton.
The page also reprints its standard formula for pricing contracts from its benchmark price.
Spot soybean meal in northern China is quoted at about 3,230 yuan/ton, a reference level for domestic feed buyers and contract settlement. The page reports levels only and no new cause, so it signals no clear direction for prices.
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.