# Soy oil, meal futures decouple from soybeans - McKeany-Flavell

> Dec-22 soybean meal closed at $417.90 per short ton and Dec-22 soybean oil at $0.7150 per pound in the week ended October 21. NOPA September crush was 158.1 million bushels, above last year but below expectations, with oil stocks at their lowest since September 2020. A Russian drone strike destroyed a sunflower oil storage facility in Mykolaiv, with losses of a few thousand tons.

- Date: 2022-10-24 · published 2022-10-24T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/39194-soy-oil-meal-futures-decouple-from-soybeans-mckeany-flavell
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Sunflower Meal](https://feedsoft.ai/c/SUNMEAL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Soybean oil stocks at a two-year low and below-expectation crush support oil prices, while meal and oil futures are moving independently of beans, which matters for feed cost planning.

## Read by commodity

- SBM: neutral
- SBO: bullish ▲
- SUNMEAL: bullish ▲

## Sources

- mckeany-flavell.com: https://www.mckeany-flavell.com/soy-oil-meal-futures-decouple-from-soybeans-10-24-22/

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