Loading…
China's domestic soymeal futures (M01 contract) broke lower, with coastal spot prices falling to as low as 3,060 yuan per tonne. Soymeal inventories are near 1.4 million tonnes, while livestock farms are deeply loss-making and feed mills are buying only as needed, keeping soymeal inclusion rates low.
Crude oil weakness also pulled US soybeans lower over the week.
High soymeal stocks and weak feed demand keep downside pressure on Chinese meal prices, while crush margins below cost discourage aggressive offers from mills. Lower US soybean prices tied to crude weakness reinforce the bearish tone for oilseed meal import values.
ncp.mysteel.comNov 5, 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.
