Terms & Conditions | Privacy Policy | Mysteel.com
Events
About Us
  • Home
  • /
  • Market Insights
  • /
  • Analysis
  • /
  • Article

Mysteel soybean and relatives market daily: Middle East tensions boost U.S. soybeans; domestic soymeal rallies strongly

Source: Mysteel Jul 22, 2026 11:40
Share this with
X linkedin WeChat Copy this link
Soybean Soybean Meal Demand Price Supply
CBOT soybean futures extended their gains, though the upside narrowed, mainly due to profit-taking by traders after the previous session's sharp rally. Nevertheless, the market continued to receive multiple layers of support. Persistent geopolitical tensions in the Middle East pushed Brent crude oil to a five-week high, reinforcing expectations for biodiesel demand. At the same time, robust domestic crush demand in the U.S., coupled with market expectations of Chinese purchases of U.S. soybeans, jointly provided a lift to soybean prices. However, weather forecasts indicate that cooler temperatures are expected in the U.S. Midwest over the coming weeks, which could help ease concerns over crop yields and may cap further upside potential for soybean prices. In the short term, attention should remain on price action within the 12301250 cents/bushel resistance range.

You May Also Like
  • Mysteel soybean and relatives market daily: DCE soymeal prices hit new record highs on weather premium and geopolitical risks

    Jul 21, 2026 15:43

  • Mysteel daily China imported soybean crush margin tracking 2026.07.21

    Jul 21, 2026 15:39

  • China's soybean meal prices supported by strong overseas soybean, despite domestic oversupply

    Jul 20, 2026 17:17

  • Mysteel soybean and relatives market daily: External market boost meets weak domestic demand, DCE soymeal M09 tests the 3,100 level

    Jul 20, 2026 13:58

  • Mysteel soybean and relatives market daily: U.S. soybean produce area weather risks lend support

    Jul 14, 2026 14:34

Price Curve
Daily Prices
  • Steel plate export prices: FOB China

    Jul 22, 2026 14:51

  • HRC export prices: FOB China

    Jul 22, 2026 14:51

  • Galvanized square pipe prices: Shanghai

    Jul 22, 2026 14:46

  • Square pipe prices: Shanghai

    Jul 22, 2026 14:46

  • Spiral welded pipe prices: Shanghai

    Jul 22, 2026 14:46

Terms & Conditions Privacy Policy Contact Us Mysteel.com
©2026 Mysteel Global Pte Ltd. All rights reserved. ICP BeiAn No. 沪ICP备15006920号-6
Mysteel Global WhatsApp business account
Customer Service: globalsales@mysteel.com