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Chinese soybean meal prices weakened as large soybean arrivals, strong crush rates, and accumulating meal inventories added to supply pressure. The article also cites expectations for a record US soybean crop, weaker US export sales, and feed buyers purchasing only as needed amid losses in hog production.
High meal availability and lower soybean costs are bearish for soybean meal prices, while cautious feed buying limits demand support. Potential plant shutdowns could slow inventory growth and ease some of the pressure.
ncp.m.mysteel.comNov 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.
