Spot soybean meal prices eased on November 13, quoted at 3,090 yuan/t in Zhangjiagang, 3,220 in Dalian, 3,100 in Rizhao and 3,080 in Dongguan. The USDA November report was bullish overall, with US soybeans posting their biggest one-day gain in four months, but South American weather lacks a driver.
High domestic meal prices, record inventories and weak livestock margins weigh on demand, limiting the upside from the US rally and keeping China's soybean meal range-bound.
Not 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.