Soymeal futures traded slightly lower today

Soymeal futures traded slightly lower today, with the March contract hovering around $438 per short ton, pressured by weaker crush margins in China and steady soybean imports from Brazil. Traders are closely monitoring USDA’s weekly export data for fresh signals on demand strength. Soybeans are trading with losses of 2 to 4 cents across most contracts on Wednesday, as November tries to hold the $10 mark at midday. The cmdtyView national average Cash Bean price is 4 ¾ cents lower at $9.20 ¼. Soymeal futures are down $1.90 to $3.70/ton, with Soy Oil futures trading higher, up 60 to 64 points. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. Soymeal futures dipped mid-session amid speculative selling, but strong basis levels in Midwest cash markets limited downside. Analysts note crush margins remain favorable, keeping domestic production steady even as futures wobble.