Chinese crushers lock in Q4 soymeal contracts amid U.S. trade uncertainties

Chinese crushers sold nearly 2 million metric tons of soymeal to local feed mills on Tuesday, the biggest single-day sale of 2025, as attractive prices and concerns over Washington-Beijing trade tensions fuelled soybean supply fears, traders and analysts said. Local feed mills booked around 1.9 million tons of soymeal for delivery between October and January, as a lack of progress on U.S-China trade talks raised concerns over supplies during the peak U.S. soybean marketing season in the fourth quarter. “Domestic downstream soymeal users and traders were active buyers yesterday, as China’s soybean coverage for Q4 and January-February 2026 has fallen significantly behind historical levels,” said Cheang Kang Wei, vice president at StoneX in Singapore. “This shortfall is mainly attributed to the ongoing U.S.-China trade conflict.” Tuesday’s sale compares with forward soymeal sales of around 850,000 tons all of last week, according to Wang Wenshen, an analyst at Shandong-based Sublime ...