# SunSirs: China's Soybean Meal Ushered in a Rebound in July

> SunSirs reports that China's soybean meal prices fell over 16% in Q2 2020 before rebounding in July. The average spot price reached RMB 3,072/ton on July 28, up 7.62% from early July. Gains were driven by a lower USDA planting area estimate, recovering pig and aquaculture feed demand, and Sino-US tensions, offset by heavy soybean imports.

- Date: 2020-07-29 · published 2020-07-29T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/52127-sunsirs-china-s-soybean-meal-ushered-in-a-rebound-in-july
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Rising Chinese meal prices and restocking-driven feed demand support soybean meal values, though heavy import supply limits the upside.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Sources

- sunsirs.com: https://www.sunsirs.com/commodity-news/petail-3012.html

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