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Chinese futures analysts report that soybean and rapeseed meal prices rebounded for two days after the USDA report but have since come under pressure as traders take profits. Spot soybean meal stood at 3,177 yuan/t on 12 November, while US and Brazilian December crush margins were deeply negative and China's imported soybean stocks rose to 8.253 million tonnes.
Analysts expect fast South American planting and good weather to weigh on overseas soybean costs.
Negative crush margins and rising soybean and meal inventories in China point to reduced crushing and ample meal supply, which limits upside in meal prices. Rising South American planting progress and favorable weather add downward pressure on global soybean costs.
jbzyw.comNov 13, 2026Not 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.
