
China’s domestic food-grade soybeans remained firm amid tight supplies of high-protein beans and farmers’ reluctance to sell. Imported crushing beans were steadier, while ample port inventories, weak downstream demand and squeezed crusher margins weighed on soybean meal demand.
Strong demand for premium domestic beans contrasts with comfortable import supplies and weak crushing economics, limiting the prospect of a broad soybean rally and pressuring meal.
Not 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.