# Soybean Meal: Production Cuts Have Already Happened, but Demand Is Falling Faster

> 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.

- Date: 2026-11-06 · published 2026-11-07T01:37:53.647Z
- Category: market · region China · magnitude medium
- Page: https://feedsoft.ai/events/85372-soybean-meal-production-cuts-have-already-happened-but-demand-is-falling-faster
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

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.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼

## Sources

- 61893.com: https://www.61893.com/s-2-7e9dc090a9d04afb/

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