# Soybean Meal Futures Remain Weak, While Cotton Rebounds Moderately on Support

> 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.

- Date: 2026-11-09 · published 2026-11-09T03:07:18.289Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/88493-soybean-meal-futures-remain-weak-while-cotton-rebounds-moderately-on-support
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

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.

## Read by commodity

- SBM: bearish ▼
- SOY: bullish ▲

## Sources

- finance.sina.com.cn: https://finance.sina.com.cn/money/future/fmnews/2026-11-09/doc-iniyazee6602871.shtml

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