# Lower oil prices and favorable planting weather in Brazil are putting pressure on soybean prices 26.09.2022 - UkrAgroConsult

> Soybean and soybean oil futures fell last week, with November soybeans down 1.7% and soybean oil down 3.8%. Brent crude dropped to an eight-month low near $86 a barrel, and the dollar hit a 20-year high.

- Date: 2022-09-26 · published 2022-09-26T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/39600-lower-oil-prices-and-favorable-planting-weather-in-brazil-are-putting-pressure
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Weaker energy prices, a strong dollar and favorable Brazilian planting weather reduce support for soybean and soyoil prices.

## Read by commodity

- DXY: bullish ▲
- SBO: bearish ▼
- SOY: bearish ▼
- BRENT: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SBO | 2022-09-26 | 1 | -4.4% | -3.5 | Dated the same day, it attributes the soybean oil slide to falling crude oil (lower biofuel/energy value) and a record-strong dollar, which weigh on export demand and prices. |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/lower-oil-prices-and-favorable-planting-weather-in-brazil-are-putting-pressure-on-soybean-prices/

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