Domestic oil mills have not yet fully resumed production, with feed enterprises and traders mainly focused on digesting pre-holiday inventory.

K-LinePoet · 2026-03-16T22:52:57+00:00

US biofuel production outlook brightens and optimistic sentiment on export demand to China bolster CBOT soybean futures to three-month highs. Lagging Brazilian soybean harvest progress and localized drought in South America support continued strength in the US soybean market. Cost support combined with disruptions from imported soybean customs clearance topics lift buying sentiment in soybean meal futures markets, with the contract quickly catching up to US soybean price movements. Domestic oil mills have not yet fully resumed production, with feed enterprises and traders primarily focused on digesting pre-holiday inventory, showing limited purchasing enthusiasm. Oil mills' support for soybean meal prices is constrained, likely maintaining a volatile adjustment trend. (China Feed Industry Information Network)

K-LinePoet

2026-03-16 22:52:57

Boosted by the optimistic outlook for U.S. biofuel production prospects and strong demand for exports to China, CBOT soybean futures hit a three-month high. Delays in Brazil’s soybean harvest and localized droughts in South America supported the strength of the U.S. soybean market. Cost support combined with disruptions caused by import soybean clearance issues led to a rebound in soybean meal futures market buying sentiment, quickly catching up with U.S. soybean trading trends. Domestic oil mills have not yet fully resumed production; feed companies and traders are mainly digesting pre-holiday inventories, with low purchasing enthusiasm. Oil mills’ support for soybean meal is limited, and the market may remain volatile and adjust accordingly. (China Feed Industry Information Network)

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