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Yesterday continuous soymeal futures weakened and domestic spot soymeal stayed soft, with inventories near 1.4 million tonnes and basis under pressure. On November 3, high-fat DDGS in Heilongjiang, Jilin and Henan traded at 2000-2280 yuan per tonne, with prices moving sideways as downstream users buy only as needed.
Weak soymeal demand from loss-making hog and broiler farms and rising soymeal stocks pressure DDGS as a feed substitute, though firmer corn prices support DDGS offers. Expect narrow near-term DDGS price moves, tied to corn, soymeal and livestock margins.
ncp.mysteel.comNov 4, 2026Not enough comparable past events yet for a historical read.
Not 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.
