# Global soy crop outlooks are aggressive, maybe too much so

> Chicago most-active soybean futures settled at $16.62-3/4 per bushel on Wednesday, a record high for the date. The article says several production-side limiting factors may already exist, adding pressure to a scenario with little buffer.

- Date: 2022-05-19 · published 2022-05-19T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/41425-global-soy-crop-outlooks-are-aggressive-maybe-too-much-so
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Record-high soybean prices with tight production margins signal firm feed protein costs for buyers, with upside risk if supply disappoints.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/global-soy-crop-outlooks-are-aggressive-maybe-too-much-so-2022-05-19/

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