# SunSirs: Supply is Loose, China's Soybean Meal Rebounds Weakly

> China's soybean meal futures fell through much of November after an early spike, and the average spot price was 3,277 yuan/ton on November 24, down 0.76% from the start of the month. SunSirs says supply is loose and the market rebounded only weakly mid-month.

- Date: 2020-11-26 · published 2020-11-26T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/50232-sunsirs-supply-is-loose-china-s-soybean-meal-rebounds-weakly
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Ample Chinese meal supply and weak domestic prices reduce demand for imported soymeal, which weighs on global meal prices despite tight US supplies.

## Read by commodity

- SBM: bearish ▼

## Sources

- sunsirs.com: https://www.sunsirs.com/commodity-news/petail-3773.html

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