# SunSirs: Soybean Oil Plants are Shutting down One after Another, and Soybean Meal's Decline before the Holiday Slows down

> Chinese soymeal prices rose nearly 20% in early January 2021 before reversing sharply. The average spot price was 3,773 yuan per tonne on February 2, up 8% from early January. Soybean oil crush plants in China are shutting down one after another.

- Date: 2021-02-03 · published 2021-02-03T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/48720-sunsirs-soybean-oil-plants-are-shutting-down-one-after-another-and-soybean-meal
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Weak terminal feed demand and crusher shutdowns reduce meal output and weigh on soymeal prices, while the vegetable oil margin squeeze adds pressure on soyoil.

## Read by commodity

- SBM: bearish ▼
- SBO: bearish ▼

## Sources

- sunsirs.com: https://www.sunsirs.com/commodity-news/petail-4208.html

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