# Huatai Futures: Expectations of a Bumper Crop Weigh on Soybean Meal, Which Continues to Trade Sideways

> 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.

- Date: 2026-11-11 · published 2026-11-11T07:36:37.255Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/93218-huatai-futures-expectations-of-a-bumper-crop-weigh-on-soybean-meal-which
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

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.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- CORN: bearish ▼

## Sources

- finance.sina.com.cn: https://finance.sina.com.cn/money/future/fmnews/2026-11-11/doc-iniyipkf1975852.shtml

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