# Soybeans Heading Higher with Products Supportive - IBest Media

> Soybeans traded 10 to 15 cents higher on July 5, with soymeal up $8 per ton for August and soyoil rallying. Export sales for the week ending June 27 were 228,379 MT, a four-week low, with China and the Netherlands as main buyers.

- Date: 2024-07-05 · published 2024-07-05T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/11586-soybeans-heading-higher-with-products-supportive-ibest-media
- 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

Firm soymeal and soyoil prices and steady export demand support soybean values, though the export sales total was at the lower end of expectations.

## Read by commodity

- SBM: bullish ▲
- SBO: bullish ▲
- SOY: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SBO | 2024-07-08 | 5 | +10.4% | 2.8 | Soyoil rallied again on July 5, adding to weekly gains alongside higher soybeans. |
| SBO | 2024-07-08 | 1 | +3.7% | 3.1 | Soyoil rallied on July 5, the trading day just before July 8, extending the momentum. |

## Sources

- ibestmedia.com: https://www.ibestmedia.com/post/35949.html

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