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Dalian soybean meal prices fell 6.7% since the start of the previous week, pushing Chinese soybean-crush margins into negative territory after they had mostly been profitable since early September. China is expected to import about 21 million tonnes of soybeans from November through January, but traders see signs that imports could slow early next year as large arrivals weigh on meal prices and crush profitability.
China accounts for more than 60% of global soybean trade, so slower buying would reduce export demand and put downward pressure on global soybean prices. Weak meal prices and negative crush margins also imply bearish pressure on soybean meal.
nongxun.netNov 8, 2026After 803 past bearish trade events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.7%), and +0.9% over 20.
After 384 past bearish trade events, Soybean Meal moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and -0.5% over 20.
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.
