# SunSirs: Negative Factors, It is Expected that China Soybean Meal Prices will Hover at a Low Level in the Near Future

> International soybean prices fell to a nearly four-year low on August 14 on expectations of a high US crop and a new high in global oilseed output. Domestic Chinese soybean meal prices dropped to their lowest since September 2020.

- Date: 2024-08-15 · published 2024-08-15T12:00:00.000Z
- Category: market · region Global · magnitude medium
- Page: https://feedsoft.ai/events/12648-sunsirs-negative-factors-it-is-expected-that-china-soybean-meal-prices-will
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Global oilseed oversupply and the multi-year low in soybean and meal prices lower feed protein costs, though analysts see limited room for further declines.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SOY | 2024-08-15 | 5 | -8.7% | -3.8 | International soybean prices hit a nearly four-year low on Aug 14 on expectations of a big US crop and record global oilseed output. |

## Sources

- sunsirs.com: https://www.sunsirs.com/commodity-news/petail-19577.html

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