The latest report from the European Commission shows that as of November 28, the EU's import volume of soybean meal for 2025/26 was 7.46 million tons, a year-on-year decrease of 10.4%.

The import volume of soybean meal in the EU in 2025/26 decreased by 10.4% year-on-year to 7.46 million tons, indicating a significant weakening of demand or an increased risk of potential supply reduction. This has a general negative impact on the global spot price of soybean meal, as a decline in import volume usually reflects weak terminal consumption, which may lead to oversupply and price pressure in the spot market. Based on the soybean meal futures data from Dalian Commodity Exchange (such as the settlement price of contract 2601 at 3,038 RMB/ton, down 6 points, and reduced holdings; the settlement price of contract 2605 at 2,840 RMB/ton, slightly up 1 point but with weak performance of the main contract), demand concerns may amplify downward pressure on futures, especially affecting contracts such as contracts 2601 and 2603 in the near future, and short-term market sentiment tends to be bearish.

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