# Soybeans find some new buying interest | News-Talk 1230 KFJB

> US soybeans rose on commercial and technical buying after oversold conditions, helped by a higher move in soybean meal. Soybean meal gained on solid demand and expectations of lower cottonseed meal availability. Soybean oil fell despite gains in palm and crude oil, although biofuel incentives under the Inflation Reduction Act remained supportive.

- Date: 2022-08-17 · published 2022-08-17T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/40161-soybeans-find-some-new-buying-interest-news-talk-1230-kfjb
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Expected tighter cottonseed meal supply supports soybean meal as a substitute protein for feed buyers. Soybean oil's weakness despite biofuel support points to limited near-term upside for oil.

## Read by commodity

- SBM: bullish ▲
- SBO: bearish ▼
- SOY: bullish ▲

## Sources

- radiokeokuk.com: https://radiokeokuk.com/soybeans-find-some-new-buying-interest/
- 1230kfjb.com: https://www.1230kfjb.com/2022/08/17/soybeans-find-some-new-buying-interest/

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