# Feed Weekly | A True “Breakdown Week”—Bearish Factors Weren’t Brewing, but Being Priced In All at Once

> During the week of Nov. 2–8, soybean meal and soybean prices fell as expectations of higher interest rates, a weaker Brazilian real, an increased U.S. soybean yield forecast, and harvest progress weighed on the market. Chinese corn prices rose amid snow-related transport disruption and farmer reluctance to sell, while record-high fishmeal prices reflected lower Peruvian supply and tight port stocks; hog prices fell to a new low. The report also noted declines in methionine and vitamin E prices and a rise in dicalcium phosphate costs.

- Date: 2026-11-10 · published 2026-11-10T12:07:00.280Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/91594-feed-weekly-a-true-breakdown-week-bearish-factors-weren-t-brewing-but-being
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Fishmeal](https://feedsoft.ai/c/FISHMEAL.md)

## Why it matters

Transport bottlenecks and farmer withholding tightened near-term Chinese corn availability, supporting prices, but open import economics and high inventories could cap gains. Weaker soybeans and meal point to lower feed-ingredient costs, while reduced Peruvian fishmeal supply tightens that market and raises prices.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- CORN: bullish ▲
- HOGS: bearish ▼
- FISHMEAL: bullish ▲

## Sources

- chinafeed.com.cn: http://www.chinafeed.com.cn/shujuziliao/show-121224.html

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