# SunSirs: The Number of Imported Soybeans Increased Sharply in August, China's Soybean Meal Rebounded Weakly

> SunSirs data show China's soybean meal futures and spot prices fell about 1.4% over August 2020, from RMB 3,045 to RMB 3,002 per ton on average. Prices dropped more than 3% early in the month as feed demand weakened and imported soybean arrivals rose sharply. Meal stocks reached about 1 million tons by August 20, up more than 10% week on week.

- Date: 2020-08-31 · published 2020-08-31T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/51667-sunsirs-the-number-of-imported-soybeans-increased-sharply-in-august-china-s
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Heavy port arrivals and rising meal inventories in China point to continued pressure on domestic soybean meal prices and reduced import pull for meal. Lower Chinese meal values may weigh on global meal export prices.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼

## Sources

- sunsirs.com: https://www.sunsirs.com/commodity-news/petail-3236.html

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