# Mysteel Brief: Expectations for a Large U.S. Soybean Crop Build, Keeping Soybean Meal Weak

> 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.

- Date: 2026-11-09 · published 2026-11-09T03:06:17.207Z
- Category: market · region Global · magnitude medium
- Page: https://feedsoft.ai/events/88481-mysteel-brief-expectations-for-a-large-u-s-soybean-crop-build-keeping-soybean
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

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.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼

## Sources

- ncp.mysteel.com: https://ncp.mysteel.com/a/26110910/3706C23E98615E9C.html

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