# Soybean prices have been supported by soybean oil in recent weeks

> The International Grains Council said in its May 22 report that average global soybean export prices were flat month on month, with Argentine offers down 3% and Gulf and Paranagua prices slightly higher. Support came from strength in soybean oil, while large South American inventories and solid US planting progress weighed on the market.

- Date: 2025-05-29 · published 2025-05-29T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/24726-soybean-prices-have-been-supported-by-soybean-oil-in-recent-weeks
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Soybean oil strength is propping up soybean values even as ample South American supply caps export prices. Buyers should expect little net direction in soymeal and beans until either oil demand or South American selling changes.

## Read by commodity

- SBO: bullish ▲
- SOY: neutral

## Sources

- tridge.com: https://www.tridge.com/news/soybean-prices-have-been-supported-by-soybea-gjlswe

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