# Soybean Oil Has Soared, But Is It Getting Overdone?

> December soybean oil futures have risen strongly since late September and look overbought according to DTN analyst Dana Mantini. Managed money funds hold a very large long position, the largest since March 2021, which raises correction risk.

- Date: 2022-11-07 · published 2022-11-07T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/38749-soybean-oil-has-soared-but-is-it-getting-overdone
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Heavy speculative length and overbought momentum make a near-term pullback likely, though the bullish crush margin and renewable diesel demand keep the underlying trend intact for feed buyers tracking meal and oil spreads.

## Read by commodity

- SBO: neutral
- SOY: neutral

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/Ag/blogs/technically-speaking/blog-post/2022/11/07/soybean-oil-soared-getting-overdone

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