# Soybean Prices Challenge Old Highs

> March soybeans rallied from an early-November low to near their 2021 high, driven by a December surge in soymeal prices tied to a synthetic lysine shortage. Brazilian crop concerns also began to emerge.

- Date: 2022-01-28 · published 2022-01-28T12:00:00.000Z
- Category: market · region US · magnitude medium
- Page: https://feedsoft.ai/events/12637-soybean-prices-challenge-old-highs
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Lysine](https://feedsoft.ai/c/LYSINE.md)

## Why it matters

Higher meal prices improve crush margins and support soybean values, while Brazil weather risk adds to supply tightness.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- LYSINE: bullish ▲

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/article/2022/01/28/soybean-prices-challenge-old-highs

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