# China Witnesses Decline in Soyoil and Meal Futures Amidst Demand Slowdown

> Chinese soybean oil futures fell for a third session on January 30, 2024, with the May contract down 3.8% to a seven-month low of $1,003.79 per ton. The most-active soymeal contract fell for a fourth session to $410.21 per ton, its lowest since mid-July 2023. Demand slowed after Spring Festival stockpiling ended and animal feed demand declined.

- Date: 2024-01-30 · published 2024-01-30T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/6840-china-witnesses-decline-in-soyoil-and-meal-futures-amidst-demand-slowdown
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Lower Chinese crush and feed demand reduces import pull for soybeans and meal, while rising Argentine production expectations add supply. These factors pressure global soymeal and soyoil prices.

## Read by commodity

- SBM: bearish ▼
- SBO: bearish ▼
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2025-06-09 | [Decline of China's Soybean Meal Market Amid Rising Imports](https://feedsoft.ai/events/24312-decline-of-china-s-soybean-meal-market-amid-rising-imports.md) | +1.2% | -3.1% |
| SOY | 2019-01-17 | [Soybean Closed Lower Amid Declining Chinese Demand](https://feedsoft.ai/events/61193-soybean-closed-lower-amid-declining-chinese-demand.md) | +2.4% | +1.0% |
| SOY | 2024-01-25 | [U.S. grains: Soybean, soyoil futures slide on weak demand - AgCanada](https://feedsoft.ai/events/6835-u-s-grains-soybean-soyoil-futures-slide-on-weak-demand-agcanada.md) | -1.5% | -7.5% |
| SOY | 2026-06-04 | [Soybean Futures Drop Amid Questions Around China Demand -- Daily Grain Highlights \| MarketScreener](https://feedsoft.ai/events/12561-soybean-futures-drop-amid-questions-around-china-demand-daily-grain-highlights.md) | -2.7% | -1.9% |
| SOY | 2021-07-13 | [Global Soybean Trade Slows on Weaker China Demand \| Feed & Grain](https://feedsoft.ai/events/46110-global-soybean-trade-slows-on-weaker-china-demand-feed-and-grain.md) | -0.3% | +0.1% |
| SBM | 2023-02-23 | [Declining rapeseed oil and meal prices in China will soon increase the pressure on the world rapeseed market](https://feedsoft.ai/events/37283-declining-rapeseed-oil-and-meal-prices-in-china-will-soon-increase-the-pressure.md) | -0.9% | -7.9% |
| SBM | 2025-06-09 | [Decline of China's Soybean Meal Market Amid Rising Imports](https://feedsoft.ai/events/24312-decline-of-china-s-soybean-meal-market-amid-rising-imports.md) | -1.2% | -9.3% |
| SBM | 2019-01-17 | [Soybean Closed Lower Amid Declining Chinese Demand](https://feedsoft.ai/events/61193-soybean-closed-lower-amid-declining-chinese-demand.md) | +0.7% | -1.5% |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/china-witnesses-decline-in-soyoil-and-meal-futures-amidst-demand-slowdown/
- chemanalyst.com: https://www.chemanalyst.com/NewsAndDeals/NewsDetails/china-witnesses-decline-in-soyoil-and-meal-futures-amidst-demand-slowdown-24842

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