
Soymeal prices in China fell over 14% in May and a further 2.75% in early June, with the average price reaching 2,900 yuan per ton on June 5. Analysts expect continued weakness as imported soybean supply is ample and end-market demand is low.
Chinese meal oversupply from rising imports and crushing weighs on global meal demand and prices. Weak domestic demand suggests further declines in coming weeks.
After 384 past bearish trade events, Soybean Meal moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and -0.5% over 20.
After 803 past bearish trade events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.7%), and +0.9% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.