# Grain Spreads: Meal Plan - Walsh Trading

> Soymeal was supported by tight meal supplies in the far west and inconsistent new crush plant output. Managed funds were net long nearly 100K meal contracts while being much less short soybeans, and flood damage in Rio Grande do Sul was being assessed.

- Date: 2024-05-24 · published 2024-05-24T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/30321-grain-spreads-meal-plan-walsh-trading
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Tight meal availability and fund buying support near-term soymeal prices, while Brazilian flood losses add to South American supply risk.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Sources

- walshtrading.com: https://walshtrading.com/grain-spreads-meal-plan-7/

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