# Positive slant on soy price but not for oil | The Land | NSW

> Rabobank research puts soybean prices above the forward curve at about US$10.20 per bushel, up $0.63 year on year, and forecasts a slightly bullish market. Its oil outlook is for lower prices, and it notes that China holds about 21% of global soybean stocks in reserve.

- Date: 2017-01-10 · published 2017-01-10T12:00:00.000Z
- Category: market · region Australia · magnitude low
- Page: https://feedsoft.ai/events/11028-positive-slant-on-soy-price-but-not-for-oil-the-land-nsw
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Strong global feed demand from feedlots supports soybean prices, while a weaker soybean oil outlook points to lower oil values.

## Read by commodity

- SBO: bearish ▼
- SOY: bullish ▲

## Sources

- theland.com.au: https://www.theland.com.au/story/4396532/tough-start-for-soybeans/

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