# Oilseeds daily: prices for soymeal decline - Mundus Agri

> Soymeal prices fell by EUR 4 per tonne in Europe as Chicago soybeans lost ground on profit-taking and rain in the Corn Belt. The USDA reported a 2% drop in US soybean supplies, while Brazil's 2019/20 exports reached 63.6 million tonnes and export expectations were raised to 89 million tonnes.

- Date: 2020-07-14 · published 2020-07-14T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/11492-oilseeds-daily-prices-for-soymeal-decline-mundus-agri
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Ample Brazilian export availability and softer US futures weigh on soymeal values for European feed buyers. Continued large export supplies point to limited near-term support for meal prices.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼

## Sources

- mundus-agri.eu: https://www.mundus-agri.eu/news/oilseeds-daily-prices-soymeal-decline.n23509.html

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