# SunSirs: Tight Supply, China Soybean Meal Market Remains High

> China's soybean meal market rose about 9% in early November to 5,586 yuan per tonne as imported soybean arrivals fell and crushing plants shut for maintenance. Soybean meal inventories dropped to a record low of 220,000 tons by end-October, nearly four times below July's peak.

- Date: 2022-11-10 · published 2022-11-10T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/38813-sunsirs-tight-supply-china-soybean-meal-market-remains-high
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Tight Chinese meal supplies and low inventories support demand for imported meal and beans, which lifts global soybean meal prices and draws in Brazilian supply.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Sources

- sunsirs.com: https://www.sunsirs.com/commodity-news/petail-9378.html

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