# Soybean meal leads the grains through a decent month of October - Agweek | #1 source for agriculture news, farming, markets

> Grain markets ended October mixed, with soybean meal the only market to push higher in the final week. Argentina's wheat crop was rated 47% poor to very poor because of dry conditions, and northern Brazil's hot, dry weather was causing some first-crop corn acreage to shift to soybeans.

- Date: 2023-11-03 · published 2023-11-03T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/33295-soybean-meal-leads-the-grains-through-a-decent-month-of-october-agweek-1-source
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Dry weather in Argentina and Brazil supports South American supply concerns for meal and feed grains. The article is a monthly market recap with limited new information.

## Read by commodity

- SBM: bullish ▲
- SOY: neutral
- WHEAT: bullish ▲

## Sources

- agweek.com: https://www.agweek.com/business/markets/soybean-meal-leads-the-grains-through-a-decent-month-of-october

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