# Soy Gaining into Day Session

> Soybean futures were higher overnight, trading near session highs with gains of 7 to 12 cents after a week of heavy losses. Soymeal and soybean oil also started the day higher.

- Date: 2023-05-22 · published 2023-05-22T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/35980-soy-gaining-into-day-session
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

The move is a short-term rebound after the prior week's sell-off and does not add a new supply or demand driver for feed buyers.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Sources

- barchart.com: https://www.barchart.com/story/news/17077678/soy-gaining-into-day-session

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