# Profit Watch: Soybean spreads | Profitability | farmweeknow.com

> Soymeal futures rose for a sixth straight session while soybean oil lost more than 10% in a few days as a spread trade unwound. Ag Resources analyst Dan Basse links the spread move to renewable diesel demand and to dryness in Argentina. Corn and Chicago wheat futures also slipped.

- Date: 2022-12-07 · published 2022-12-07T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/38325-profit-watch-soybean-spreads-profitability-farmweeknow-com
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Meal strength reflects Argentine supply concerns, while the oil selloff shows the renewable diesel trade is volatile. Feed buyers should expect meal to stay firm while oil swings.

## Read by commodity

- SBM: bullish ▲
- SBO: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼

## Sources

- farmweeknow.com: https://www.farmweeknow.com/profitability/profit-watch-soybean-spreads/article_600ca0d2-7651-11ed-8ec9-3fdf3457186a.html

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