Category: Commentary

Corn futures continued to fall. The rolling-front month contract is now at the lowest level of the year, and the lowest level since December 2025. Soybean meal continued higher in the morning, but faced resistance at 3,500 yuan per ton, and fell in the evening session.

Wednesday continued to see a divergence in soybean meal and hogs. Soybean meal hit new yearly highs and reached the highest level since 2024. Hog futures continued to fall, with the November contract falling to new contract lows.

Wednesday continued to see a divergence in soybean meal and hogs. Soybean meal hit new yearly highs and reached the highest level since 2024. Hog futures continued to fall, with the November contract falling to new contract lows.