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On November 10 USDA's November report lifted US soybean yield and exports and cut ending stocks, and CBOT soybeans jumped. Domestic soymeal spot rose 70-80 yuan per tonne on November 11, and futures reached 3169 yuan per tonne, though China's meal stocks remain high at about 1.31 million tonnes.
Higher US soybean prices raise import costs and support domestic meal prices, but record Chinese meal inventories and weak end-user demand cap the gains.
163.comNov 11, 2026After 747 past bullish report events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.1%), and +0.8% over 20.
After 414 past bullish report events, Soybean Meal moved a median -0.1% over 5 sessions (48% higher; middle half -2.1% to +2.3%), and +0.3% over 20.
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.
