# SunSirs: Inventory Pressure Remains, Soybean Meal's Gains are Blocked

> Chinese soybean meal fell 1.92% over the first half of July after a sharp rally in late June. The rally followed a lower-than-expected USDA estimate of US soybean stocks, the lowest in six years, released July 1.

- Date: 2021-07-15 · published 2021-07-15T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/46148-sunsirs-inventory-pressure-remains-soybean-meal-s-gains-are-blocked
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Persistent inventory pressure in China caps meal futures, so Chinese meal prices are likely to stay range-bound until demand from hog producers picks up.

## Read by commodity

- SBM: neutral
- SOY: neutral

## Sources

- sunsirs.com: https://www.sunsirs.com/commodity-news/petail-5288.html

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