# US Soybean Oil Prices Showcase an Oscillating Momentum

> US soybean oil prices are fluctuating in Kansas. USDA's August report put soybean production at a record, with yield up 1-2% from 2021, and crop condition was 58% good to excellent. Soybean meal futures are at multi-year highs because of strong crush margins.

- Date: 2022-08-30 · published 2022-08-30T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/40127-us-soybean-oil-prices-showcase-an-oscillating-momentum
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Record US soybean supply supports a bearish outlook for beans, but strong crush demand and meal prices keep soyoil and meal supported.

## Read by commodity

- SBM: bullish ▲
- SBO: neutral
- SOY: neutral

## Sources

- chemanalyst.com: https://www.chemanalyst.com/NewsAndDeals/NewsDetails/us-soybean-oil-prices-showcase-an-oscillating-momentum-10449

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