# China soymeal futures rally to record on tight bean supplies | Financial Post

> China's soymeal futures on the Dalian exchange rose 4.45% to a record 4,038 yuan per tonne on Thursday. Crushers came back from the Lunar New Year holiday to insufficient bean arrivals from South America, and several large plants have planned curtailments, while the government plans to release reserve soybeans.

- Date: 2022-02-24 · published 2022-02-24T12:00:00.000Z
- Category: market · region China · magnitude medium
- Page: https://feedsoft.ai/events/42783-china-soymeal-futures-rally-to-record-on-tight-bean-supplies-financial-post
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Crusher curtailments in China reduce meal output and tighten the market, supporting soymeal prices, though state reserve releases could ease bean tightness if volumes are large.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/china-soymeal-futures-rally-to-record-on-tight-bean-supplies

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