# Soymeal Futures Fall Before Weekend

> Soymeal futures fell 2.4% to 2.9% on Friday, losing as much as $13.50 per ton, though they finished the week up $3.90. Soybeans declined on the week and soybean oil closed higher. The International Grains Council raised its world bean production estimate to 395 million tonnes.

- Date: 2023-11-17 · published 2023-11-17T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/33243-soymeal-futures-fall-before-weekend
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Routine weekly price moves with a higher IGC world bean output estimate add mild bearish pressure to soybeans, while meal's weekly gain keeps crush margins supported.

## Read by commodity

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

## Sources

- barchart.com: https://www.barchart.com/story/news/22126266/soymeal-futures-fall-before-weekend

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