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China’s domestic soybean meal inventories were about 1.39 million tonnes in the week ending October 30, up by more than 90,000 tonnes from the previous week and around 240,000 tonnes from a year earlier. The main January 2027 soybean meal futures contract fell 15 yuan per tonne on November 6, and the report said rising inventories were pressuring spot and futures prices.
Higher inventories signal abundant domestic soybean meal availability, increasing selling pressure and weighing on prices in the near term.
sunsirs.comNov 9, 2026After 399 past bearish report events, Soybean Meal moved a median -0.4% over 5 sessions (44% higher; middle half -2.4% to +1.2%), and -1.0% over 20.
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.
