# Soybeans Rebound on Growing Supply Concerns As Tightness Intensifies

> May soybean futures rose to about $16.83 per bushel on the Chicago Board of Trade, though the crop had slid about 2% over the prior week. Reports cite soaring diesel costs, high freight rates, and poor road conditions hindering Brazilian soybean shipments. Indonesia's palm oil export ban added to concerns about global vegetable oil supplies.

- Date: 2022-04-27 · published 2022-04-27T12:00:00.000Z
- Category: market · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/41880-soybeans-rebound-on-growing-supply-concerns-as-tightness-intensifies
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Higher logistics costs out of Brazil and tight vegoil supplies support soybean and meal prices, raising costs for feed formulators.

## Read by commodity

- SBO: bullish ▲
- SOY: bullish ▲
- DIESEL: bullish ▲
- PALMOIL: bullish ▲

## Sources

- fxdailyreport.com: https://fxdailyreport.com/soybeans-rebound-on-growing-supply-concerns-as-tightness-intensifies/

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