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China soybean and relatives market daily: The rebound in both CBOT and DCE market is likely to support Chinese sbm price

Source: Mysteel Apr 21, 2026 10:49
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Soybean Soybean Meal Demand Price Supply
Monday's CBOT soybean futures continued their volatile trend, closing slightly lower, while soybean oil rebounded sharply following crude oil, and soybean meal came under pressure and declined. The 2026 spring planting season in the U.S. has gradually begun, with weather conditions in key production regions drawing attention. According to the Crop Progress report released by the USDA, as of the week ending April 19, U.S. soybean planting progress reached 12%, in line with market expectations, compared with 7% and 5% for the same period last year and the five-year average, respectively. Soybean harvesting in Brazil is nearing completion, with the USDA forecasting production at 180 million metric tons.

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