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The report says China’s soybean meal futures continued to weaken, with the January contract trading around 3,100 yuan per tonne as US soybean prices slipped below $12 per bushel. It also cites a USDA daily sales report showing a private sale of 136,000 tonnes of soybeans to China, while US cotton export sales rose 28% week over week for the week ending October 29.
The report additionally notes rising Chinese apple inventories and weak hog prices amid ample livestock supply.
The soybean sale provides some demand support, but the article describes near-term weakness in soybean meal futures, which could weigh on feed ingredient buying sentiment. The cotton export-sales increase offers support to cotton prices, but these are not feed commodities.
finance.sina.com.cnNov 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.
