# Soybean Meal Continues Higher in the Overnight | Feed & Grain

> Soybean meal rose about 1.15% in overnight trade, extending its lead to the upside and climbing from $300 to $379 per ton since early October. The soybean meal spread inverted, and cash meal prices reached $399.8 per ton the previous day amid strong exports and a slow harvest. Rain forecasts for Brazil and Argentina were also noted.

- Date: 2020-10-02 · published 2020-10-02T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/12132-soybean-meal-continues-higher-in-the-overnight-feed-and-grain
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

An inverted meal spread signals nearby supply tightness for December delivery, which supports higher cash meal prices. Feed buyers face firmer meal costs unless South American rains and farmer selling ease the squeeze.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Sources

- feedandgrain.com: https://www.feedandgrain.com/events/event-calendar/blog/15401302/soybean-meal-continues-higher-in-the-overnight

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