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Cottonseed meal (46% protein) prices in China were broadly steady on November 4, with Xinjiang Aksu at 2,480 yuan/t and Shandong Xiajin at 2,980 yuan/t. Soybean meal spot fell below 3,100 yuan/t as the main futures contract broke lower, and crushers are offloading inventory at discounts amid low utilization.
Weak soybean meal prices and heavy crusher inventory pressure the protein complex, while high seed costs and crusher losses offer some support to cottonseed meal. Feed buyers face a range-bound near-term market with bases expected to weaken.
goodsfu.10jqka.com.cnNov 4, 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.
