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By November 6, corn inventories at Chinese deep-processing plants had risen by 616,000 tonnes from October 9 to 3.052 million tonnes, while the operating rate recovered to 62.65%. Production of protein powder and fiber increased, and starch stocks reached 1.4025 million tonnes; feed buyers continued to purchase as needed, while lower soybean meal prices weakened the price competitiveness of protein powder.
Growing processing output and inventories alongside restrained feed-industry buying create pressure on corn byproduct prices. The report describes a weak near-term market, with a recovery dependent on lower plant operating rates or stronger demand.
ncp.mysteel.comNov 9, 2026Not 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.
