# China Soybean meal price rises despite record inventories | Mysteel

> China soybean meal futures and spot prices rose in early January despite record in-plant inventories, with crushers' meal stocks near 1.20 million tonnes, up 71% year on year. The rally was attributed to broader commodity strength, margin protection by crushers, and restocking demand.

- Date: 2026-01-09 · published 2026-01-09T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/21143-china-soybean-meal-price-rises-despite-record-inventories-mysteel
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Higher Chinese meal prices raise import parity for Brazilian and US meal, supporting global meal values even with heavy domestic stocks. Buyers should expect firm Chinese support unless inventories begin to fall.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Sources

- mysteel.net: https://www.mysteel.net/analysis/5109665-china-soybean-meal-price-rises-despite-record-inventories

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