# Soybean Meal Prices Should Start Climbing Higher as Spreaders Unwind Trades, Crush Stays Strong

> Barchart columnist Jim Wyckoff says July soybean meal futures are in an up-trending channel and presents a buying opportunity above $324 resistance, with a $342 objective and $317 support. He cites strong US soybean crush and spread traders unwinding long soybean oil/short meal positions as supportive for meal prices.

- Date: 2026-04-27 · published 2026-04-27T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/19800-soybean-meal-prices-should-start-climbing-higher-as-spreaders-unwind-trades
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Strong crush output adds meal supply, but spread unwinding and firm crush demand point to upward pressure on meal prices for feed buyers. Technical levels suggest near-term upside if resistance breaks.

## Read by commodity

- SBM: bullish ▲
- SBO: bearish ▼

## Sources

- barchart.com: https://www.barchart.com/story/news/1538401/soybean-meal-prices-should-start-climbing-higher-as-spreaders-unwind-trades-crush-stays-strong

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