# Twin Meals Diverge but Bottoming Remains the Main Theme

> 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.

- Date: 2026-11-13 · published 2026-11-13T13:36:38.573Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/97896-twin-meals-diverge-but-bottoming-remains-the-main-theme
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

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.

## Read by commodity

- SBM: neutral
- SOY: bearish ▼
- CANMEAL: neutral

## Sources

- jbzyw.com: https://www.jbzyw.com/view/524013

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