China's soybean imports reached 11.791 million tonnes in May 2026, a month-on-month increase of nearly 40% from the 8.478 million tonnes recorded in April. With

A weekly survey by the National Association of Grain Exporters (ANEC) indicates that Brazil's soybean exports for June 2026 are estimated at 12.36 million tonnes,

Data from the EU indicates that, as of May 31, total EU soybean meal imports for the 2025/26 season have fallen by 6% year-on-year; while

The suppressive force on soybean prices mainly comes from the profound transformation of the global supply chain. For the domestic market, the high import volume

According to the National Grain and Materials Reserve Data Center: In June, the volume of imported soybeans arriving at ports remains high—projected to exceed 10

I. Soybean Meal Spot Market Trends In May, the domestic soybean meal market generally followed a pattern of initial gains followed by declines, characterized by volatile

According to monitoring data from SunSirs, since the beginning of May, the soybean meal market has experienced mixed movements but has generally trended downward. On

Macroeconomics 1. [Industrial Enterprise Profits] National Bureau of Statistics: From January to April, the total profits of industrial enterprises above designated size nationwide grew by 18.2%.

According to EU data, as of May 17, total EU soybean meal imports for the 2025/26 marketing year-to-date have declined by 7% year-on-year. Within this

According to monitoring data from SunSirs, since mid-May, the soybean meal market has trended downward, characterized primarily by volatile declines. On May 13, the average

Data released by Brazil's Secretariat of Foreign Trade (SECEX) indicates that Brazilian soybean meal exports during the first half of May 2026 have surpassed the

The USDA's supply and demand report indicates that for the 2026/27 marketing year, U.S. soybean meal production is estimated at 65.025 million short tons, representing

The U.S. Department of Agriculture (USDA) has released a daily export sales report, in which private exporters reported the sale of 155,000 tons of soybean

For the week ending May 7, 2026, U.S. net sales of soybean meal for the 2025/26 marketing year totaled 344,200 tons—a 10% increase from the

Macroeconomics 1. [US CPI] The U.S. Consumer Price Index (CPI) rose 3.8% year-on-year in April—marking its highest level since May 2023—and significantly exceeded market expectations of

According to a May 12 report from the National Grain and Materials Reserve Data Center: Driven by reduced operating rates at oil mills during the

The Brazilian National Association of Grain Exporters (ANEC) reports that Brazil's soybean meal exports for May 2026 are estimated at 2.56 million tons—a 20.9% increase

National Data Center for Grain and Materials Reserves: In May, arrivals of imported soybeans are expected to be concentrated. Consequently, oilseed crushing plants are projected

Data from the U.S. Census Bureau indicates that U.S. soybean meal exports reached 1.882 million tons in March, setting a new historical record for that