# China soymeal prices hit record levels on tight bean supply - DatamarNews

> Chinese spot soymeal prices reached record highs, with the average hitting 5,352 yuan per tonne on Friday and some cash prices in Xi'an reaching 5,600 yuan. Soymeal stocks fell for ten straight weeks to 493,000 tonnes, well below the five-year average, as soybean imports slumped 25% year on year in August.

- Date: 2022-09-26 · published 2022-09-26T12:00:00.000Z
- Category: market · region China · magnitude medium
- Page: https://feedsoft.ai/events/39575-china-soymeal-prices-hit-record-levels-on-tight-bean-supply-datamarnews
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Low crusher run rates and tight meal stocks ahead of China's National Day restocking support soymeal prices and import demand, while higher hog prices boost feed demand.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- HOGS: bullish ▲

## Sources

- datamarnews.com: https://datamarnews.com/noticias/china-soymeal-prices-hit-record-levels-on-tight-bean-supply/
- spglobal.com: https://www.spglobal.com/commodity-insights/en/news-research/latest-news/agriculture/092622-soybean-meal-prices-in-china-hit-record-high-amid-tight-supply

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