# Terrain | Higher Soybean Prices Will Depend on Three Things

> Analysts say higher soybean prices would require one of three developments: US yields disappointing, stronger domestic crush for renewable diesel and sustainable aviation fuel, or El Niño reducing Brazil's yield. Export demand is weak, and the Mississippi River is starting the marketing year at lower levels than last year.

- Date: 2023-09-25 · published 2023-09-25T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/34134-terrain-higher-soybean-prices-will-depend-on-three-things
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Current export weakness and a bearish backdrop cap prices, while crush demand and possible South American weather risks are the main upside drivers.

## Read by commodity

- SBO: bullish ▲
- SOY: neutral

## Sources

- terrainag.com: https://www.terrainag.com/insights/higher-soybean-prices-will-depend-on-three-things/

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