# Soybean, Soyoil and Soymeal Prices Fall With Broad Commodity Selloff - TRADERS COMMUNITY

> Soybeans closed about 1% lower and soyoil fell 3% while soymeal lost about 0.5% amid a broad commodity selloff tied to the Omicron variant. Soybean sales reached 57.5 million bushels, toward the high end of estimates, and Brazil's Agroconsult forecasts a record 2021/22 crop.

- Date: 2021-11-28 · published 2021-11-28T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/12235-soybean-soyoil-and-soymeal-prices-fall-with-broad-commodity-selloff-traders
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Record expected Brazilian supply and the broad selloff weigh on soy complex prices, though solid US export sales offer some support.

## Read by commodity

- SBM: bearish ▼
- SBO: bearish ▼
- SOY: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SBM | 2021-11-29 | 1 | -2.8% | -3.0 | Describes a broad commodity selloff on Omicron concerns that pressured soybeans, soyoil and soymeal, which is the sentiment mechanism behind the drop, though the meal loss was only about 0.5%. |

## Sources

- traderscommunity.com: https://traderscommunity.com/soybean-soyoil-and-soymeal-prices-fall-with-broad-commodity-selloff/

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