# Soybean prices surged.

> CBOT July soybeans rose 1.2% to $438 per ton, the highest in nearly six weeks, and soybean meal gained nearly 3% to $361.3 per ton. Gains were attributed to higher oil prices lifting soybean oil biofuel demand, along with the rejection of Argentine meal shipments in Europe.

- Date: 2026-04-28 · published 2026-04-28T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/12285-soybean-prices-surged
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Stronger soybean oil demand for biodiesel raises crush margins, which increases meal output and can cap meal price gains. Argentine meal rejections add support by redirecting European buying to US supplies.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SBM | 2026-04-27 | 1 | +3.5% | 3.0 | Describes the meal gain of nearly 3% attributed to European rejections of Argentine cargoes and higher oil prices supporting soybean crush and biofuel demand, matching the move's timing and size. |

## Sources

- vietnam.vn: https://www.vietnam.vn/en/gia-dau-tuong-bat-tang-len-cao

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