# Soybean meal prices fall and crush margins weaken as China slows soybean imports

> 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.

- Date: 2026-11-08 · published 2026-11-08T00:06:27.240Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/86586-soybean-meal-prices-fall-and-crush-margins-weaken-as-china-slows-soybean-imports
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

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.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2022-08-08 | [China's July Soybean Imports Slide Amid Poor Crush Margins, Weaker Demand \| Checkout](https://feedsoft.ai/events/14910-china-s-july-soybean-imports-slide-amid-poor-crush-margins-weaker-demand.md) | +3.4% | -6.5% |
| SOY | 2022-01-14 | [China 2021 soybean imports slip 3.8% on falling margins, weak demand](https://feedsoft.ai/events/7370-china-2021-soybean-imports-slip-3-8-on-falling-margins-weak-demand.md) | +3.6% | +15.9% |
| SOY | 2018-08-20 | [China’s soybean crush margin weakens - McKeany-Flavell](https://feedsoft.ai/events/63602-china-s-soybean-crush-margin-weakens-mckeany-flavell.md) | -4.5% | -6.6% |
| SOY | 2022-04-20 | [China's March soybean imports from U.S. fall from previous year](https://feedsoft.ai/events/14939-china-s-march-soybean-imports-from-u-s-fall-from-previous-year.md) | -0.7% | -2.2% |
| SOY | 2026-06-08 | [China soybean meal prices hit multi-year lows](https://feedsoft.ai/events/5194-china-soybean-meal-prices-hit-multi-year-lows.md) | -0.7% | +6.7% |
| SBM | 2022-08-08 | [China's July Soybean Imports Slide Amid Poor Crush Margins, Weaker Demand \| Checkout](https://feedsoft.ai/events/14910-china-s-july-soybean-imports-slide-amid-poor-crush-margins-weaker-demand.md) | +3.3% | -9.4% |
| SBM | 2022-01-14 | [China 2021 soybean imports slip 3.8% on falling margins, weak demand](https://feedsoft.ai/events/7370-china-2021-soybean-imports-slip-3-8-on-falling-margins-weak-demand.md) | -4.6% | +6.9% |
| SBM | 2018-08-20 | [China’s soybean crush margin weakens - McKeany-Flavell](https://feedsoft.ai/events/63602-china-s-soybean-crush-margin-weakens-mckeany-flavell.md) | -5.3% | -8.2% |

## Sources

- nongxun.net: https://www.nongxun.net/wdd6295

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