# Lower soybean meal and oil prices expected to continue - Brownfield Ag News

> A market analyst says lower soybean meal and oil prices may continue into early next year. He warns that soybean oil demand tied to sustainable aviation fuel and air travel could weaken if a recession cuts flying. He also notes Brazilian drought weather premium is leaving the soymeal market.

- Date: 2023-11-20 · published 2023-11-20T12:00:00.000Z
- Category: market · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/33240-lower-soybean-meal-and-oil-prices-expected-to-continue-brownfield-ag-news
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Softer expected demand for oil and fading Brazil weather premium point to lower soymeal and soyoil prices, which lowers feed ingredient costs for buyers.

## Read by commodity

- SBM: bearish ▼
- SBO: bearish ▼

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/news/lower-soybean-meal-and-oil-prices-expected-to-continue/

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