# Grain market: high prices for soybean meal • De Molenaar

> Traders describe a cautious market with large swings in futures and the dollar. Argentina is increasingly supplying soybeans and meal because of drought, and high meal prices reflect scarce available supply.

- Date: 2023-02-22 · published 2023-02-22T12:00:00.000Z
- Category: market · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/37416-grain-market-high-prices-for-soybean-meal-de-molenaar
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Drought-reduced Argentine supply and limited meal availability keep soymeal prices high, raising feed costs. Currency swings in the peso and dollar add volatility to physical pricing.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Sources

- demolenaar.nl: https://www.demolenaar.nl/en/raw-materials/raw-material-prices/grain-market-high-prices-for-soybean-meal/49025/

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