For the week ending August 27, 2026, net sales of U.S. soybean meal for the 2025/26 marketing year totaled 29,400 metric tons. This marked a new low for the marketing year, representing a 72% decline from the previous week and a 68% drop compared to the four-week average.

The figure of 29,400 metric tons—a marketing-year low—indicates significantly weak export demand for U.S. soybean meal and a marginal easing of the global supply-demand balance, exerting moderate downward pressure on domestic spot prices. Regarding futures, the benchmark soybean meal contract (2701) on the Dalian Commodity Exchange closed at 3,382 RMB per tonne on September 3, 2026, with open interest rising by 37,132 lots; this bearish news is expected to weigh on the performance of soybean meal futures.

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