# Mysteel: Hubei COFCO oil mill soybean meal ex-mill prices continue to fall

> On November 4, 2026, COFCO oil mills in Hubei lowered ex-works prices for 43% soybean meal. Huanggang quoted 3150 yuan/ton for November and Jingzhou 3180 yuan/ton, with basis quotes against the M2701 contract ranging from M2701+30 to +70 for later delivery months.

- Date: 2026-11-04 · published 2026-11-05T07:36:19.525Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/81370-mysteel-hubei-cofco-oil-mill-soybean-meal-ex-mill-prices-continue-to-fall
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Lower mill prices and firm forward basis levels point to weak domestic meal demand and ample supply, which tends to pull spot meal values down in central China.

## Read by commodity

- SBM: bearish ▼
- SOY: neutral

## Sources

- ncp.mysteel.com: https://ncp.mysteel.com/a/26110414/9093FA462E39910B.html

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