# Soybeans Feeling Bean Oil Pressure - IBest Media

> Soybeans traded mostly higher on August 14 with soymeal up $3.20 per ton, while soybean oil fell 23 points. Bean oil weakened after California's proposal to limit soybean and canola oil to a 20% inclusion rate in biodiesel for LCFS credits.

- Date: 2024-08-14 · published 2024-08-14T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/28884-soybeans-feeling-bean-oil-pressure-ibest-media
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Pressure on soybean oil from the California proposal weakens crush economics and can cut soybean values, though soymeal stayed firm on the day.

## Read by commodity

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

## Sources

- ibestmedia.com: https://www.ibestmedia.com/post/42270.html

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