# SunSirs: China Soybean Meal Market Fluctuated and Strengthened in October

> China's soybean meal market rose about 5% in October, with the mainstream spot quotation returning to around 5,300 yuan per ton on October 26. Strength in US beans and firm terminal feed demand supported the late-month rally after a mid-month pullback.

- Date: 2022-10-27 · published 2022-10-27T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/39193-sunsirs-china-soybean-meal-market-fluctuated-and-strengthened-in-october
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Rising Chinese meal prices and steady feed demand point to firmer import demand for soybean meal and soybeans, supporting world meal prices for feed buyers.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Sources

- sunsirs.com: https://www.sunsirs.com/commodity-news/petail-9109.html

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