# Soybean meal supply remains relatively ample, keeping futures prices under pressure

> China’s soybean meal futures and spot prices were mixed, while Brazilian November soybean and soybean-meal export forecasts were below year-earlier levels. The report said Chinese crushers’ operating rates are recovering and soybean and meal inventories remain high, while livestock-sector losses are limiting feed buyers’ willingness to stock up.

- Date: 2026-11-06 · published 2026-11-06T03:06:05.524Z
- Category: market · region China · magnitude medium
- Page: https://feedsoft.ai/events/83198-soybean-meal-supply-remains-relatively-ample-keeping-futures-prices-under
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

High domestic inventories and cautious feed demand make soybean meal supply relatively ample, creating downward pressure on prices. Stronger U.S. soybean exports or adverse South American weather could provide a countervailing boost.

## Read by commodity

- SBM: bearish ▼
- SOY: neutral

## Sources

- finance.sina.com.cn: https://finance.sina.com.cn/money/future/fmnews/2026-11-06/doc-inixucsw8321133.shtml

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