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ANEC forecasts Brazil's October soybean meal exports at 2.49 million tonnes, up about 763,000 tonnes year on year. On November 2, the most active Dalian soymeal contract (2701) closed at 3,198 yuan/tonne, up 13 yuan from the prior session.
Larger Brazilian meal shipments add to global supply and tend to weigh on international soymeal prices, which lowers the import cost of meal for China. The larger supply limits the upside for domestic futures.
sunsirs.comNov 4, 2026sunsirs.comNov 4, 2026After 384 past bearish trade events, Soybean Meal moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and -0.5% over 20.
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.
