# Soymeal Lacks Rebound Drivers as Palm Oil Supply Eases and Faces Pressure

> On Wednesday, Dalian soymeal futures fell 1.64% to 3114 yuan per tonne and rapeseed meal fell 1.54%, while palm oil fell 2.91%. CBOT soybeans fell 9.75 cents to 1203.75 cents per bushel. Rabobank cut its Brazil 2026/27 soybean estimate to 178 million tonnes, and India's October palm oil imports rose to a more than one-year high while soyoil imports hit a record.

- Date: 2026-11-05 · published 2026-11-05T19:36:27.332Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/82323-soymeal-lacks-rebound-drivers-as-palm-oil-supply-eases-and-faces-pressure
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Weaker oil prices after the US midterm result, a higher US soybean stock outlook and ample Brazilian supply weigh on meal and oil prices. Strong Indian edible oil imports only partly offset this pressure for buyers.

## Read by commodity

- SBM: bearish ▼
- SBO: bearish ▼
- SOY: bearish ▼
- WTI: bearish ▼
- CANMEAL: bearish ▼
- PALMOIL: bearish ▼

## Sources

- guqizhixuan.cn: https://www.guqizhixuan.cn/news-20261105-fd1d4e00.html

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