# SunSirs: The Possibility of a Significant Drop in Soybean Meal Prices is Expected to be Low

> The National Grain and Oil Information Center said on August 6 that a significant drop in Chinese soybean meal prices is unlikely. Domestic meal prices had fallen about 550 RMB per ton, or 18%, over two months, leaving oil mills loss-making and feed firms increasing purchases.

- Date: 2024-08-07 · published 2024-08-07T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/12646-sunsirs-the-possibility-of-a-significant-drop-in-soybean-meal-prices-is
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Crushing losses reduce mill output and raise the chance of a rebound, which limits further downside in Chinese meal and supports demand for imported beans.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Sources

- sunsirs.com: https://www.sunsirs.com/commodity-news/petail-19380.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.