# Funds flirt with record meal short as US soy crush booms

> Reuters reports that funds are close to a record net short position in soymeal as US soybean crush expands. The USDA confirmed that October soybean crush hit an all-time monthly high, keeping domestic meal supplies ample.

- Date: 2024-12-03 · published 2024-12-03T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/26998-funds-flirt-with-record-meal-short-as-us-soy-crush-booms
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Record crush capacity and ample meal supply weigh on soymeal prices, which benefits feed buyers, though a large fund short can also set up sharp short-covering rallies.

## Read by commodity

- SBM: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/markets/us/funds-flirt-with-record-meal-short-us-soy-crush-booms-2024-12-03/

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