# Is the top in for soybeans? Soybean oil situation makes it look that way - Agweek | #1 source for agriculture news, farming, markets

> Soybean oil swung from limit up on Monday to limit down on Thursday and Friday, dragging soybeans lower. Analysts pointed to a lack of recent US soybean export sales and improved South American weather, with the upcoming USDA March 31 reports seen as key.

- Date: 2021-03-26 · published 2021-03-26T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/12663-is-the-top-in-for-soybeans-soybean-oil-situation-makes-it-look-that-way-agweek
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Improved South American weather and weak US export demand weigh on soybean prices and the meal complex, while tight corn stocks could push feeders toward wheat as a substitute.

## Read by commodity

- SBO: bearish ▼
- SOY: bearish ▼
- CORN: bullish ▲
- WHEAT: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SBO | 2021-03-29 | 5 | -8.3% | -3.0 | Documents soyoil swinging from limit up to limit down on Thursday and Friday, citing weak US export sales and improved South American weather, which dragged the complex lower. |
| SBO | 2021-03-29 | 1 | -5.2% | -4.0 | Describes the swing from limit up to limit down with weak export sales and improved South American weather, showing the sentiment reversal behind the selloff. |

## Sources

- agweek.com: https://www.agweek.com/business/is-the-top-in-for-soybeans-soybean-oil-situation-makes-it-look-that-way

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