# Goldman Sachs: October agricultural prices retreat, while PET remains high and dairy cost pressures persist

> Goldman Sachs reported that Chinese soybean, soybean meal and palm oil prices fell month over month in October, while remaining above year-earlier levels. The analysis also noted higher PET packaging costs and continuing pressure from dairy costs.

- Date: 2026-11-09 · published 2026-11-10T06:11:50.342Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/91089-goldman-sachs-october-agricultural-prices-retreat-while-pet-remains-high-and
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

The monthly declines indicate easing near-term costs for buyers of soybeans, soybean meal and palm oil, although prices remained higher year over year. The dairy-cost reference gives no specific dairy price or supply change to quantify.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- PALMOIL: bearish ▼

## Sources

- unhidea.com: https://unhidea.com/en/articles/research-af9c59f832b941d489d21362ccd27a89-en

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