# Sunsirs: Soybean Meal Demand Was Depressed, the Market Remains Depressed

> The SunSirs soymeal index stood at 86.73 on January 7, with spot prices around $416 per ton, down slightly. Chinese demand remained weak as farmers sold hogs and soybean oil plants scheduled shutdowns ahead of the Spring Festival.

- Date: 2020-01-08 · published 2020-01-08T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/55167-sunsirs-soybean-meal-demand-was-depressed-the-market-remains-depressed
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Weak Chinese meal demand and planned crush shutdowns keep downward pressure on soymeal prices, though low stocks limit the decline.

## Read by commodity

- SBM: bearish ▼

## Sources

- sunsirs.com: https://www.sunsirs.com/commodity-news/petail-1199.html

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