# SunSirs: Agri, USDA Reports Pushes Soybean Meal Market Warming

> Chinese soybean meal prices rose over the week to February 13, with the average spot price up 2.59% to 2862 RMB/ton from 2790 RMB/ton on February 5. The Dalian-style M2005 futures closed at 2684 RMB, up 34 RMB. Analysts pointed to the USDA February report, which projected larger Chinese soybean imports and higher US meal output.

- Date: 2020-02-14 · published 2020-02-14T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/54653-sunsirs-agri-usda-reports-pushes-soybean-meal-market-warming
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Higher Chinese meal prices and tighter rapeseed meal supply support demand for soybean meal in the feed market, pointing to firmer global meal prices in the near term.

## Read by commodity

- SBM: bullish ▲
- CANMEAL: bullish ▲

## Sources

- sunsirs.com: https://www.sunsirs.com/commodity-news/petail-1498.html

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