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Chinese soybean meal spot prices edged lower or held steady on November 5, with inventories near 1.4 million tonnes and feed demand weak as livestock producers remained deeply unprofitable. The report also said sow inventories fell in October, while near-term hog market sentiment remained subdued; it separately noted higher egg prices and a Thai sugar-cane crop estimate of 97 million tonnes.
High soybean meal stocks and weak feed demand are bearish, while poor crush margins and some mills’ reluctance to sell limit downside. The report describes soybean meal as pressured but with limited scope for a sharp fall in the near term.
finance.sina.com.cnNov 6, 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.
