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SunSirs set its soybean meal benchmark price at 3,180 yuan per tonne on November 9, unchanged on the day. The benchmark was down 2.21% from 3,252 yuan per tonne at the start of the month.
The monthly decline reflects weaker soybean meal pricing in China, adding to pressure on feed ingredient costs for buyers. The report gives no new supply or demand catalyst, so the price signal is limited.
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.