# Central Illinois soybean, soymeal prices continue to drop - The Jacobsen

> Central Illinois soybean prices fell to $10.13 per bushel and soybean meal to $339.70 per short ton, both near multi-year lows. Soybean oil rose 4.1% week on week to 42.30 cents per lb, while the crush margin improved to $2.76 per bushel.

- Date: 2024-08-26 · published 2024-08-26T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/28879-central-illinois-soybean-soymeal-prices-continue-to-drop-the-jacobsen
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Weak soymeal and soybean prices reflect ample supply and reduced crush incentives, which keeps feed protein costs low for buyers. Soyoil strength partly offsets crush economics but does not change the bearish meal outlook.

## Read by commodity

- SBM: bearish ▼
- SBO: bullish ▲
- SOY: bearish ▼

## Sources

- thejacobsen.com: https://thejacobsen.com/2024/08/26/central-illinois-soybean-soymeal-prices-continue-to-drop/

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