Loading…
China’s soybean meal futures fell 3.27% over the week to 3,079 yuan per tonne, while spot prices declined less and basis strengthened passively. Domestic soybean meal inventories rose 7.26% to 1.389 million tonnes, a near-decade seasonal high, as November soybean arrivals are forecast at 8.5–9.5 million tonnes.
Hog-sector losses and increased planned slaughter are weighing on feed demand, with feed mills largely maintaining short rolling inventories.
Large meal stocks and continued soybean arrivals keep near-term supply ample, while weak hog margins and lower meal inclusion constrain demand; these factors are bearish for Chinese soybean meal prices. The basis improvement reflects futures falling faster than spot, rather than stronger underlying demand.
chinafeed.com.cnNov 10, 2026Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not 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.
