# Turner's Take Ag Markets | Soybean Meal Stays Strong

> Soybean meal futures are above $500 per ton, a level StoneX's Craig Turner calls rare. Ag futures fell after southern Argentina got better-than-expected rain, though the forecast for central and northern Argentina remains dry.

- Date: 2023-02-13 · published 2023-02-13T12:00:00.000Z
- Category: market · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/37415-turner-s-take-ag-markets-soybean-meal-stays-strong
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Tight processing and Argentina weather risk keep meal near multi-year highs, which lifts feed costs for buyers. Rain relief in Argentina caps the rally until crop conditions are clearer.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Sources

- stonex.com: https://www.stonex.com/en-gb/insights/turner-s-take-ag-markets-soybean-meal-stays-strong/

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