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China soybean and relatives market daily: Ahead of the USDA export report, soymeal market prices are showing a firm trend

Source: Mysteel Mar 19, 2026 14:03
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Soybean Soybean Meal Demand Price Supply
Last night, the CBOT soybean main contract closed higher, buoyed by rising crude oil prices which supported corn and soybeans, alongside fund inflows into the commodity market. The USDA will release its weekly export sales report on Thursday at 20:30 Beijing time. Ahead of the report, analyst estimates suggest U.S. soybean export sales last week are expected to see a net increase of 350,000 to 900,000 metric tonnes. Soybean meal export sales are projected to increase by 150,000 to 350,000 tonnes, while soybean oil export sales are estimated to range from a net decrease of 20,000 tonnes to a net increase of 22,000 tonnes. If the actual data exceeds expectations, it could strengthen the firm trend in the external market.

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