# Chinese crushers catch up soybean activity, soymeal price at turning point: trade

> Chinese soybean meal prices turned downward after reaching a record average of 5,660 yuan/mt on Nov. 10, with spot prices at 5,000 yuan/mt in North China on Nov. 22, down 9% week on week. Crushers are increasing soybean processing, with weekly crush volumes expected to exceed 2 million mt, while meal inventories remain well below last year.

- Date: 2022-11-22 · published 2022-11-22T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/38678-chinese-crushers-catch-up-soybean-activity-soymeal-price-at-turning-point-trade
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Higher crush volumes will raise meal output and build inventories, easing the tight supply that drove prices up, which points to lower soymeal prices in the near term for feed buyers.

## Read by commodity

- SBM: bearish ▼
- SOY: neutral

## Sources

- spglobal.com: https://www.spglobal.com/commodity-insights/en/news-research/latest-news/agriculture/112222-chinese-crushers-catch-up-soybean-activity-soymeal-price-at-turning-point-trade

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