# Mysteel Daily: National Oil Mill Operating Rates and Soybean Meal Trade Volume (20261111)

> 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%.

- Date: 2026-11-11 · published 2026-11-11T19:37:00.487Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/94050-mysteel-daily-national-oil-mill-operating-rates-and-soybean-meal-trade-volume
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

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.

## Read by commodity

- SBM: bullish ▲

## Sources

- ncp.m.mysteel.com: https://ncp.m.mysteel.com/a/26111118/B086506795DF2A16_abc.html

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