# SunSirs: Inventory Pressure Highlights Rrecent Continuous Decline in China Soybean Meal Futures Prices

> China's National Grain and Oil Information Center reported domestic soybean meal inventories at oil mills reached 1.24 million tons, above the 1 million ton level that historically precedes price declines. The Dalian soybean meal 2409 contract closed at 3,111 yuan/ton on July 15, down 6.1% on the week and 10% on the month.

- Date: 2024-07-17 · published 2024-07-17T12:00:00.000Z
- Category: logistics · region China · magnitude medium
- Page: https://feedsoft.ai/events/5653-sunsirs-inventory-pressure-highlights-rrecent-continuous-decline-in-china
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Rising crush-plant inventories signal ample meal supply in China, pressuring soymeal prices and reducing import demand for soybeans.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2022-05-04 | [Soybean prices in Ukraine are falling amid falling demand for meal and cake](https://feedsoft.ai/events/41517-soybean-prices-in-ukraine-are-falling-amid-falling-demand-for-meal-and-cake.md) | -6.2% | -3.9% |
| SBM | 2022-09-20 | [Low demand from processors puts pressure on soybean and rapeseed prices in Ukraine 20.09.2022 - UkrAgroConsult](https://feedsoft.ai/events/39687-low-demand-from-processors-puts-pressure-on-soybean-and-rapeseed-prices-in.md) | -1.6% | -4.7% |
| SBM | 2019-07-18 | [Price of soybeans fall in Brazil due to freight - DatamarNews](https://feedsoft.ai/events/58296-price-of-soybeans-fall-in-brazil-due-to-freight-datamarnews.md) | -0.4% | -4.7% |
| SBM | 2022-10-18 | [Sunflowers and soybeans in Ukraine are falling in price against the background of the new harvest and limited exports 18.10.2022 - UkrAgroConsult](https://feedsoft.ai/events/39249-sunflowers-and-soybeans-in-ukraine-are-falling-in-price-against-the-background.md) | -0.1% | -1.4% |
| SBM | 2022-12-07 | [China's november soybean imports drop on logistics hurdles - DatamarNews](https://feedsoft.ai/events/38237-china-s-november-soybean-imports-drop-on-logistics-hurdles-datamarnews.md) | +0.8% | +8.3% |
| SOY | 2018-01-30 | [River ice is impeding movement of soybeans and putting pressure on local prices - Brownfield Ag News](https://feedsoft.ai/events/67159-river-ice-is-impeding-movement-of-soybeans-and-putting-pressure-on-local-prices.md) | -2.2% | +4.7% |
| SOY | 2020-12-15 | [FEATURE: Container shortage weighs on US grain prices, drawing scrutiny from regulators](https://feedsoft.ai/events/49548-feature-container-shortage-weighs-on-us-grain-prices-drawing-scrutiny-from.md) | +6.3% | +20.6% |
| SOY | 2017-10-04 | [River Freight Cost Pressuring Grain Prices \| 680 KFEQ](https://feedsoft.ai/events/68667-river-freight-cost-pressuring-grain-prices-680-kfeq.md) | +1.1% | +1.9% |

## Sources

- sunsirs.com: https://www.sunsirs.com/commodity-news/petail-19032.html

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