# Everbright Futures: 4 November Agricultural Commodities Daily | Soybean Meal, Grain Sources, Sales Areas, Palm Oil, Spot Prices

> CBOT soybeans fell as the US harvest neared completion at 88%, with soybean output expected to be a record. Domestic soymeal fell on weak costs and soft downstream buying, while Chinese soymeal inventories rose more than 20% year on year; palm oil slid to a one-month low on rising Malaysian stocks.

- Date: 2026-11-04 · published 2026-11-05T01:36:38.518Z
- Category: report · region China · magnitude low
- Page: https://feedsoft.ai/events/80939-everbright-futures-4-november-agricultural-commodities-daily-soybean-meal-grain
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Record US soybean output, rising Chinese meal stocks and a slump in palm oil point to ample supply and bearish pressure on soymeal, soybean oil and palm oil prices.

## Read by commodity

- SBM: bearish ▼
- SBO: bearish ▼
- SOY: bearish ▼
- CORN: bearish ▼
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2024-11-14 | [USDA Forecasts Drop in Soybean Meal Price – LACO Commodity Research](https://feedsoft.ai/events/27472-usda-forecasts-drop-in-soybean-meal-price-laco-commodity-research.md) | -1.3% | -2.7% |
| SBM | 2026-06-19 | [Soybean meal and oil: global demand sustains market, but excess supply pressures prices in the second half of the year](https://feedsoft.ai/events/18880-soybean-meal-and-oil-global-demand-sustains-market-but-excess-supply-pressures.md) | +1.2% | +5.7% |
| SBM | 2018-09-21 | [Surprising Drop in Prices of Corn, Soybeans, and Soy Meal – Lider Media](https://feedsoft.ai/events/62927-surprising-drop-in-prices-of-corn-soybeans-and-soy-meal-lider-media.md) | -1.0% | +1.6% |
| SBM | 2020-01-05 | [Soybean Meal Exports – LACO Commodity Research](https://feedsoft.ai/events/55168-soybean-meal-exports-laco-commodity-research.md) | +0.9% | -2.1% |
| SBM | 2020-12-01 | [Outlook for Soybean Processors Remains Bright \| Feed & Grain](https://feedsoft.ai/events/49724-outlook-for-soybean-processors-remains-bright-feed-and-grain.md) | -1.7% | +8.6% |
| SOY | 2025-03-24 | [Brazil’s Agricultural Edge: Soybeans Lead 2025/26 Growth \| Paradigm Futures](https://feedsoft.ai/events/25709-brazil-s-agricultural-edge-soybeans-lead-2025-26-growth-paradigm-futures.md) | +1.3% | +2.0% |
| SOY | 2025-12-01 | [Seasonal conditions \| Agricultural Commodities](https://feedsoft.ai/events/21413-seasonal-conditions-agricultural-commodities.md) | -2.9% | -7.8% |
| SOY | 2024-03-01 | [Seasonal conditions \| Agricultural Commodities](https://feedsoft.ai/events/31123-seasonal-conditions-agricultural-commodities.md) | +2.5% | +5.6% |

## Sources

- 163.com: https://www.163.com/dy/article/LASO5MPG05568W0A.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.