# Huatai Futures: Watch for USDA Report Revisions as Soybean Meal Prices Trade in a Wide Range

> Chinese soybean meal futures and spot prices fell over the prior week, while domestic soybean meal stocks rose 7.26% to 1.389 million tonnes and sales weakened. US soybean harvest progress was ahead of average, and analysts cited ample supply, subdued Chinese feed demand and a bearish near-term outlook, with South American weather remaining a potential source of support later.

- Date: 2026-11-09 · published 2026-11-09T06:06:20.187Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/88729-huatai-futures-watch-for-usda-report-revisions-as-soybean-meal-prices-trade-in
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

High stocks and softer meal buying weigh on Chinese soybean meal prices, while the large US crop and orderly South American planting add to near-term supply pressure. Weather threats in South America could reverse that pressure if they materially threaten production.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼

## Sources

- finance.sina.com.cn: https://finance.sina.com.cn/money/future/fmnews/2026-11-09/doc-iniyazee6645023.shtml

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