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China soybean and relatives market daily: US soybeans and DCE soybean meal main contracts hit new highs

Source: Mysteel Mar 12, 2026 10:43
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Soybean Soybean Meal Demand Price Supply
The market impact of the closely watched monthly supply and demand report from the US Department of Agriculture (USDA) was limited, as the data showed only minimal adjustments compared to the previous month. The complex and severe situation in the Middle East has seen its spillover effects expand from crude oil to other commodities. The sharp rise in crude oil boosted buying sentiment, leading CBOT soybean futures to continue their strong upward fluctuation on Wednesday.

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