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On November 11, Chinese soybean meal spot prices rose by an average of 66 yuan per tonne to 3,181 yuan per tonne, while the main domestic futures contract gained 2.15%. Oil mills recorded 163,000 tonnes of soybean meal trades, down 16,400 tonnes from the previous session, and the nationwide oil-mill operating rate slipped 0.38 percentage points to 54.08%.
Lower mill operating rates may modestly limit near-term meal supply, supporting prices, though the decline in trading volume does not indicate stronger demand. The reported price gain is consistent with a firmer market but is not itself a new supply-demand shock.
ncp.m.mysteel.comNov 11, 2026Not 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.
