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Chinese soybean-crush volumes fell 14.6% over two weeks to 2.15 million tonnes in the week ending October 30, while soybean meal stocks rose 16.1% to 1.28 million tonnes. The report estimates apparent meal consumption fell 17.1% over the same period and says crush margins had turned deeply negative by November 5.
Rising inventories despite lower meal output point to demand weakening faster than supply, a bearish signal for soybean meal prices. Negative crush margins may further curb processing, which could eventually limit the downside.
61893.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.
