# Oversupply Meets Tepid Demand Weighing Down on Soybean Meal

> Soybean meal futures fell after rising in mid-June on Israel-Iran tensions, with prices pressured by oversupply and tepid Chinese feed demand. China's May soybean imports rose 129% month on month to recover from a decade-low April, but this did not support prices. Technical indicators turned bearish, though call option buildup suggests medium-term recovery hopes.

- Date: 2025-07-03 · published 2025-07-03T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/23823-oversupply-meets-tepid-demand-weighing-down-on-soybean-meal
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Heavy Chinese soybean import volumes and weak feed demand add to the meal glut, pressuring soybean meal prices lower for feed buyers in the near term.

## Read by commodity

- SBM: bearish ▼
- SOY: neutral

## Sources

- smartkarma.com: https://www.smartkarma.com/insights/oversupply-meets-tepid-demand-weighing-down-on-soybean-meal

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