# Profit Watch: Soybean oil leads losses | Profitability | farmweeknow.com

> Soybean futures have traded below $10 per bushel for most of the last four months, and on Wednesday broke through the August low. Soybean meal fell well below $300 per ton and soybean oil traded under 40 cents per pound, while November crush was 3.5 million bushels below expectations.

- Date: 2024-12-18 · published 2024-12-18T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/27014-profit-watch-soybean-oil-leads-losses-profitability-farmweeknow-com
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Weak meal and oil prices combined with falling crush margins signal a bearish soy complex, lowering the cost of soybean meal for feed buyers. Reduced crush margins may also slow processing and meal output.

## Read by commodity

- SBM: bearish ▼
- SBO: bearish ▼
- SOY: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SBM | 2024-12-20 | 1 | +2.9% | 3.9 | Soybean futures broke through the August low and meal fell well below $300/t, and weak crush margins suggest oversold conditions that could set up a sharp technical rebound. |

## Sources

- farmweeknow.com: https://www.farmweeknow.com/profitability/profit-watch-soybean-oil-leads-losses/article_14383132-bd56-11ef-9ead-8b26bc02298f.html

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