# Chinese Soymeal Stocks Triple, Drive Down Futures 24.06.2022 - UkrAgroConsult

> China's soymeal inventories tripled over three months as large soybean arrivals met weak feed demand, with weekly stocks rising 14% to 1.09 million tonnes. The Dalian soymeal most-active contract fell nearly 6% on June 23, and soybean oil fell 4%, while Chicago soybeans had dropped about 20% in two weeks.

- Date: 2022-06-24 · published 2022-06-24T12:00:00.000Z
- Category: market · region China · magnitude medium
- Page: https://feedsoft.ai/events/40915-chinese-soymeal-stocks-triple-drive-down-futures-24-06-2022-ukragroconsult
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Heavy Chinese meal stocks and weak hog-driven demand signal lower import pull for soybeans and soymeal, pressuring global soybean and meal prices.

## Read by commodity

- SBM: bearish ▼
- SBO: bearish ▼
- SOY: bearish ▼

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/chinese-soymeal-stocks-triple-drive-down-futures/

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