# Soybean meal prices in China hit record high amid tight supply | S&P Global

> Chinese spot soybean meal averaged 5,500 yuan/mt on September 26, up 8% week on week and a record high, as lower imported soybean arrivals in the third quarter left crushers short of beans. Demand from hog farmers and feed buyers ahead of the National Day holiday has added to the upward pressure.

- Date: 2022-09-26 · published 2022-09-26T12:00:00.000Z
- Category: market · region China · magnitude medium
- Page: https://feedsoft.ai/events/39656-soybean-meal-prices-in-china-hit-record-high-amid-tight-supply-s-and-p-global
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Tight Chinese crush and strong hog-feed demand keep soymeal prices elevated, supporting global soybean and meal values until supply eases around November.

## Read by commodity

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

## Sources

- spglobal.com: https://www.spglobal.com/energy/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.