# CBOT soyabeans close strong; soyameal hits peak since June 2014 - Markets - Business Recorder

> CBOT soyameal settled at $499.40 a ton on February 10, its highest since June 2014, on tight supplies from slow winter processing. Soyoil rose 2.5% for the week, and wheat futures jumped on Black Sea shipping concerns.

- Date: 2023-02-11 · published 2023-02-11T12:00:00.000Z
- Category: market · region US · magnitude medium
- Page: https://feedsoft.ai/events/37417-cbot-soyabeans-close-strong-soyameal-hits-peak-since-june-2014-markets-business
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Slow crush and concerns over Argentina's drier forecast tighten meal supply and push feed costs up. Black Sea disruption risk adds support to wheat prices.

## Read by commodity

- SBM: bullish ▲
- SBO: bullish ▲
- SOY: bullish ▲
- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Sources

- brecorder.com: https://www.brecorder.com/news/40225719

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