# China soymeal futures hit 2-mth low amid new ASF outbreak - Fastmarkets

> Dalian soymeal futures fell 2-3% to a two-month low on March 10, with the most liquid contract down 2.36%. Traders cited new ASF outbreaks, expectations of less soymeal use in feed, and a bearish WASDE report, while corn futures also dropped to a one-month low.

- Date: 2021-03-10 · published 2021-03-10T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/48105-china-soymeal-futures-hit-2-mth-low-amid-new-asf-outbreak-fastmarkets
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Expectations of lower soymeal and corn use in Chinese feed weigh on meal and corn prices, as feed firms substitute wheat for corn and meal.

## Read by commodity

- SBM: bearish ▼
- CORN: bearish ▼
- WHEAT: bullish ▲

## Sources

- fastmarkets.com: https://www.fastmarkets.com/insights/china-soymeal-futures-hit-2-mth-low-amid-new-asf-outbreak/

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