# Surging Soymeal Boosts Soybean Futures | Feed & Grain

> Soybean futures had a volatile session in Chicago as soymeal prices surged. The commentary covered soymeal price action and corn technicals. The page also carried unrelated webinar listings.

- Date: 2020-10-02 · published 2020-10-02T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/12133-surging-soymeal-boosts-soybean-futures-feed-and-grain
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Strength in soymeal pulls soybean futures higher because crushers value the meal product, so feed costs for meal-based rations rise with the move.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Sources

- feedandgrain.com: https://www.feedandgrain.com/events/event-calendar/blog/15401304/surging-soymeal-boosts-soybean-futures

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