# Soybeans Slipping on Meal Weakness - IBest Media

> Soybean futures slipped on October 2 as soymeal fell $5.60 to $8.60 per ton in nearby contracts. USDA data showed August crush down 13.31% from July, and StoneX raised its US soybean yield estimate to 53.5 bpa.

- Date: 2024-10-02 · published 2024-10-02T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/27962-soybeans-slipping-on-meal-weakness-ibest-media
- 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

Weaker meal prices and a higher US yield estimate point to ample soybean supply, pressuring soybean and meal values for feed buyers.

## Read by commodity

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

## Sources

- ibestmedia.com: https://www.ibestmedia.com/post/49780.html

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