# SunSirs: Soybean Meal Price Intended to Decrease

> Chinese soymeal spot prices fell to about 3,100 yuan per ton on April 16, down more than 150 yuan from earlier in the month. The decline reflected weaker US soybean prices, meat plant closures and easing port soybean tightness. Soymeal futures also dropped.

- Date: 2020-04-17 · published 2020-04-17T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/53726-sunsirs-soybean-meal-price-intended-to-decrease
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Weaker US beans and reduced meat processing lower feed meal demand in China, the largest importer. Ample port soybean stocks reinforce the downward pressure on soymeal prices.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼

## Sources

- sunsirs.com: https://www.sunsirs.com/commodity-news/petail-2237.html

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