# The rise in soybean meal has not changed. Where is the upward driver coming from? | Desk3 is a web3 trading tool

> Chinese analysts said flood-related output losses in southern Brazil still support US soybeans, but US export demand has weakened, with US bean exports to China down as much as 40% in the first four months of the year. They expect rising inventories and higher expected production to cap prices.

- Date: 2024-05-23 · published 2024-05-23T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/30323-the-rise-in-soybean-meal-has-not-changed-where-is-the-upward-driver-coming-from
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Weaker US export demand and expected supply growth point to downward pressure on CBOT soybeans, while domestic meal prices are being driven mainly by cost factors.

## Read by commodity

- SBM: neutral
- SOY: bearish ▼

## Sources

- desk3.net: https://www.desk3.net/en/32458

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