# Soymeal Futures Near Season Lows - ADM Investor Services

> ADM Investor Services reported that soymeal futures were near season lows on talk of higher South American supply, while soybean futures were oversold and China began buying a few cargoes of US new-crop soybeans. Soyoil was near the midpoint of its recent range, with palm and soy oil supply higher and rapeseed and sunflower oil supply tighter.

- Date: 2024-07-22 · published 2024-07-22T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/29313-soymeal-futures-near-season-lows-adm-investor-services
- 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

Expanding South American supply pressures soymeal prices, while China's new-crop purchases offer some support for soybeans. Soyoil is trading mid-range as competing vegetable oil supplies offset each other.

## Read by commodity

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

## Sources

- admis.com: https://www.admis.com/soymeal-futures-near-season-lows/

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