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China’s soybean meal spot price was reported at 3,067 yuan per ton on November 7, down 22 yuan from the previous day. The price was also down 22 yuan over the week and 24 yuan over the month.
The reported decline indicates slightly softer spot pricing for a key feed protein ingredient in China, though the move is small and no new supply or demand driver is identified.
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.