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China soybean and relatives market daily: DCE soybean meal benchmark fluctuates lower, domestic market shows weakness

Source: Mysteel Mar 16, 2026 10:19
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Soybean Soybean Meal Demand Price Supply
The CBOT soybean benchmark contract closed lower overnight, retreating after hitting its highest level in 21 months as traders took profits. However, gains in crude oil prices and a positive demand outlook limited the downside. Ahead of the monthly crush report from the National Oilseed Processors Association (NOPA) due this Monday (March 16), a survey of analysts suggests that U.S. soybean crush volumes in February likely reached a record high for that month, driven by strong crushing margins and ample supplies of cheaper soybeans.

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