# SunSirs: China Domestic Soybean Meal will Continue to Accumulate in July

> SunSirs reported that China's domestic soybean meal inventories will keep building in July as large imported soybean cargoes arrive and crushers run at high rates. US soybean yield prospects improved after rain, pushing American prices lower.

- Date: 2024-07-17 · published 2024-07-17T12:00:00.000Z
- Category: market · region China · magnitude medium
- Page: https://feedsoft.ai/events/5657-sunsirs-china-domestic-soybean-meal-will-continue-to-accumulate-in-july
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Expected continued accumulation of meal stocks in China and weaker US soybean prices point to soft soymeal prices and reduced import pull.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼

## Sources

- sunsirs.com: https://www.sunsirs.com/commodity-news/petail-19033.html

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