# China soymeal futures plunge amid macro selloff, trade warnings - Fastmarkets

> Chinese soymeal futures slumped on Friday as traders sold positions amid a wider global selloff. Dalian March futures fell 4.11% to CNY3,427 per tonne, their lowest level in more than three weeks. Chinese exchanges also issued statements warning of market volatility.

- Date: 2021-02-26 · published 2021-02-26T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/48718-china-soymeal-futures-plunge-amid-macro-selloff-trade-warnings-fastmarkets
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

The decline reflects a macro-driven liquidation rather than a change in soybean meal supply or demand. Prices may stay volatile until the selloff in risk assets eases.

## Read by commodity

- SBM: bearish ▼

## Sources

- fastmarkets.com: https://www.fastmarkets.com/insights/china-soymeal-futures-plunge-amid-macro-selloff-trade-warnings/

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