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Expectations for a large U.S. soybean crop and Brazil’s rapid planting and weaker real are weighing on U.S. soybean and soybean-meal futures. Chinese soybean-meal prices fell amid high mill inventories, weak downstream demand and strong expected November soybean arrivals; mills crushed 1.92 million tonnes last week, with a modest increase forecast for next week.
Ample expected supplies from the U.S. and Brazil, alongside high Chinese inventories and subdued feed demand, add pressure to soybean and soybean-meal prices. The market is also watching the upcoming USDA supply-and-demand report for revisions to U.S. yields, exports and ending stocks.
ncp.mysteel.comNov 9, 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.
