# SunSirs: Soybean Meal Futures Strengthen on Mixed Bullish Factors of China, Watch for Correction Risks

> Soybean and soymeal futures rose after renewed Russia-Ukraine drone attacks halted operations at three major Russian Black Sea grain terminals. Other drivers included the decline in US crop conditions, Chinese buying and El Niño expectations. Dalian soymeal futures followed CBOT soybeans higher, while spot basis stayed weak.

- Date: 2026-09-07 · published 2026-09-07T12:00:00.000Z
- Category: geopolitics · region China · magnitude medium
- Page: https://feedsoft.ai/events/17558-sunsirs-soybean-meal-futures-strengthen-on-mixed-bullish-factors-of-china-watch
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Lost Black Sea export capacity lifts global demand for other oilseeds and grains, and the decline in US crop ratings adds to upside. Weak spot basis suggests the rally may face correction risk.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2026-07-20 | [Wheat Climbs on Black Sea Risk, Soybeans Firm as China Returns](https://feedsoft.ai/events/9563-wheat-climbs-on-black-sea-risk-soybeans-firm-as-china-returns.md) | +3.6% | -2.6% |
| SOY | 2022-03-04 | [The price of soybean meal increased in Russia](https://feedsoft.ai/events/12631-the-price-of-soybean-meal-increased-in-russia.md) | +1.2% | -3.7% |
| SOY | 2025-10-23 | [Soybean, corn futures touch 1-month highs as crude oil soars — TradingView News](https://feedsoft.ai/events/22424-soybean-corn-futures-touch-1-month-highs-as-crude-oil-soars-tradingview-news.md) | +4.4% | +9.8% |
| SOY | 2022-03-21 | [Wheat rebounds on Black Sea supply worries; corn, soybeans rise 1% - Markets - Business Recorder](https://feedsoft.ai/events/6245-wheat-rebounds-on-black-sea-supply-worries-corn-soybeans-rise-1-markets.md) | +2.5% | +2.8% |
| SOY | 2022-03-04 | [How strength in soybean prices is linked to the Black Sea conflict](https://feedsoft.ai/events/12630-how-strength-in-soybean-prices-is-linked-to-the-black-sea-conflict.md) | +1.2% | -3.7% |
| SBM | 2022-03-04 | [The price of soybean meal increased in Russia](https://feedsoft.ai/events/12631-the-price-of-soybean-meal-increased-in-russia.md) | +8.6% | +1.6% |
| SBM | 2022-03-04 | [How strength in soybean prices is linked to the Black Sea conflict](https://feedsoft.ai/events/12630-how-strength-in-soybean-prices-is-linked-to-the-black-sea-conflict.md) | +8.6% | +1.6% |
| SBM | 2023-07-17 | [November Soybean Futures Continue to Climb Higher - AgWeb](https://feedsoft.ai/events/35114-november-soybean-futures-continue-to-climb-higher-agweb.md) | +3.6% | +2.7% |

## Sources

- sunsirs.com: https://www.sunsirs.com/commodity-news/petail-35896.html

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