# SunSirs: The Price Of Soybean Meal Falls

> Chinese soybean meal spot prices fell to around RMB 3100-3200 per tonne in early November, down 30-50 yuan. The decline followed weak futures and a slow pace of feed purchases as pig herd recovery continues.

- Date: 2019-11-11 · published 2019-11-11T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/56128-sunsirs-the-price-of-soybean-meal-falls
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Weak Chinese meal demand and purchases on need only keep meal prices soft, while U.S. harvest progress adds supply pressure.

## Read by commodity

- SBM: bearish ▼

## Sources

- sunsirs.com: https://www.sunsirs.com/commodity-news/petail-627.html

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