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Huatai Futures said expectations for ample new-crop supplies are weighing on soybean meal, while weak livestock-sector profitability is limiting feed buyers' procurement and domestic meal inventories are building. The report cited U.S. soybean harvest progress at 92%, Brazil's 2026/27 planting progress at 64%, and strong early-November Brazilian soybean exports; it also noted rising corn inventories at major Chinese ports.
Large-crop expectations, accumulating soybean meal stocks, and cautious feed purchasing point to ample near-term meal availability and bearish price pressure. Weather in South America remains a potential upside risk if it threatens expected production.
finance.sina.com.cnNov 11, 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.
