# Slumping soybean demand lowers prices 11.11.2021 - UkrAgroConsult

> Soybean prices on China's Dalian exchange have dropped to a four-month low, and soybean meal has hit a one-year low. Analysts cite China's economic slowdown, COVID restrictions, power outages and possible African swine fever effects as potential causes. U.S. new-crop sales are 33% below year-ago levels.

- Date: 2021-11-11 · published 2021-11-11T12:00:00.000Z
- Category: market · region China · magnitude medium
- Page: https://feedsoft.ai/events/44058-slumping-soybean-demand-lowers-prices-11-11-2021-ukragroconsult
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Weaker Chinese crush and feed demand combined with slow U.S. export sales is bearish for soybean and soymeal prices during the usual fall export period.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/slumping-soybean-demand-lowers-prices/

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