# SunSirs: The Soybean Meal Market Continued to Reach the Bottom Due to the Superposition of Multiple Negative Factors

> Dalian soymeal prices fell 8.78% from February 1 to March 9, with average spot at 4,240 yuan per ton. Rising port arrivals of imported soybeans, record Chinese imports and higher inventories weighed on the market.

- Date: 2023-03-10 · published 2023-03-10T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/36943-sunsirs-the-soybean-meal-market-continued-to-reach-the-bottom-due-to-the
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Expanding Chinese meal supply and weak terminal demand push domestic meal prices lower, reducing import demand for soymeal and soybeans.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼

## Sources

- sunsirs.com: https://www.sunsirs.com/commodity-news/petail-11471.html

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