# Abundant soymeal supply led to decreasing prices, but uncertain supply in the latter period to limit the downside potential - China Oil and Oilseeds Report - CnAgri-China Agriculture Consultant

> China's soymeal price averaged 2,846 yuan/ton in May, down 333 yuan from April as crush operations rose with a rebound in soybean imports. Soybean arrivals from May to August are estimated at 9-10 million tons, with crushing at or above 8 million tons monthly. COVID-19 is also weighing on livestock demand.

- Date: 2020-06-12 · published 2020-06-12T12:00:00.000Z
- Category: market · region China · magnitude medium
- Page: https://feedsoft.ai/events/52603-abundant-soymeal-supply-led-to-decreasing-prices-but-uncertain-supply-in-the
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Rising crush and soymeal stocks in China pressure soymeal prices, while weak meat demand limits feed buying and the downside depends on South American export logistics.

## Read by commodity

- SBM: bearish ▼
- SOY: neutral

## Sources

- en.cnagri.com: http://en.cnagri.com/report/seedoilsss/20200612/253283.html

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