# Mysteel soybean and relatives market daily: US soybeans are locked in a tug-of-war between bulls and bears, while Dalian soybean meal breaks down to seek a bottom | Mysteel

> CBOT soybeans settled lower for a third consecutive session, with the January contract falling to 1,237 cents per bushel as of the October 28 close. Dalian soybean meal prices broke down while seeking a bottom.

- Date: 2026-10-29 · published 2026-10-29T18:05:40.436Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/1325-mysteel-soybean-and-relatives-market-daily-us-soybeans-are-locked-in-a-tug-of
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Lower soybean futures and weak meal prices reduce feed ingredient costs, though the market remains range-bound between bulls and bears.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼

## Sources

- mysteel.net: https://www.mysteel.net/analysis/5146563-mysteel-soybean-and-relatives-market-daily-us-soybeans-are-locked-in-a-tug-of-war-between-bulls-and-bears-while-dalian-soybean-meal-breaks-down-to-seek-a-bottom

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