# SunSirs: US Soybeans Support, China's Soybean Meal Ushered in a Turning Point

> SunSirs reports Chinese soybean meal prices fell about 1.2% year to date to 3,182 yuan per ton as of December 16, after a brief rebound when US soybeans rose. Imports of soybeans reached 9.59 million tons in November, a sharp year-on-year increase, and terminal feed demand was weak.

- Date: 2020-12-17 · published 2020-12-17T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/49725-sunsirs-us-soybeans-support-china-s-soybean-meal-ushered-in-a-turning-point
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Weak Chinese meal demand and heavy imports pressure domestic meal prices, though rising US soybean prices may offer some support.

## Read by commodity

- SBM: bearish ▼
- SOY: neutral

## Sources

- sunsirs.com: https://www.sunsirs.com/commodity-news/petail-3908.html

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