# SunSirs: Expected Fluctuations in China Domestic Soybean Meal Prices in the Near Future

> SunSirs, citing the National Grain and Oil Information Center, expects China's domestic soybean meal prices to fluctuate narrowly in the near term. US soybean prices are forecast to stay weak on a strong US crop and improving Brazilian planting conditions. Domestic meal inventories remain high at nearly 1 million tons, and weak downstream feed demand limits any rebound.

- Date: 2024-10-25 · published 2024-10-25T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/27858-sunsirs-expected-fluctuations-in-china-domestic-soybean-meal-prices-in-the-near
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Weak US soybean prices and high Chinese meal stocks point to soybean meal staying under pressure, which weighs on meal values for feed buyers. Strong crush margins keep processing high and add to supply.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼

## Sources

- sunsirs.com: https://www.sunsirs.com/commodity-news/petail-20991.html

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