# Mysteel Analysis: Weekly Prices of Agricultural Processing Products

> For the week ending November 6, Chinese soybean meal prices fell 2.49% week over week and soybean oil fell 2.66%, while corn rose 1.04%. The report attributed soybean meal weakness to high stocks, ample soybean arrivals and sluggish feed demand; corn gained as low arrivals prompted processors in North China to raise bids. It also noted that soybean oil faced ample supply and accumulating stocks.

- Date: 2026-11-09 · published 2026-11-10T19:36:41.769Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/92295-mysteel-analysis-weekly-prices-of-agricultural-processing-products
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

High soybean meal inventories and weak downstream buying weigh on meal prices, while corn’s firmer bids and tight arrivals support prices. Ample soybean oil supply and slow stock drawdown are bearish for soybean oil.

## Read by commodity

- SBM: bearish ▼
- SBO: bearish ▼
- CORN: bullish ▲

## Sources

- goodsfu.10jqka.com.cn: https://goodsfu.10jqka.com.cn/20261109/c681592171.shtml

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