# The Price of Soybean in China Continues an Upward Trend Due to Higher Demand

> The wholesale price of soybeans in China rose to 6.3 yuan/kg in the first week of November, up 10% week on week. The increase reflects recovering hog production and higher demand for animal feed.

- Date: 2022-11-08 · published 2022-11-08T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/38681-the-price-of-soybean-in-china-continues-an-upward-trend-due-to-higher-demand
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Rising hog-driven feed demand in China supports soybean and soymeal prices, although the increase is a domestic wholesale move and the report is a routine price update.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Sources

- tridge.com: https://www.tridge.com/data-insights/market-price-soybean-china-76u6iawj3i

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