A daily export sales report released by the USDA indicates that private exporters have sold 105,000 metric tons of soybean meal to Colombia for delivery in the 2025/26 marketing year.

The announcement of this sale—105,000 tons of soybean meal for 2025/26 delivery to Colombia—highlights robust external demand, thereby supporting the demand side of the market. On July 7, 2026, the benchmark soybean meal contract (2609) on the Dalian Commodity Exchange closed at 3,045 RMB/ton, up 33 RMB/ton from the previous trading day. Trading volume reached 1.017 million lots, and open interest increased by 40,779 lots, signaling a significant influx of capital. Combined with the positive export news, these factors provide upward support for both spot and futures prices of soybean meal.

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