# Soybeans Hit $15 Per Bushel

> March soybean futures settled above $14.90 a bushel and May contracts hit an overnight high of $15.01. Soymeal and soyoil also moved higher while crude oil climbed to $88 a barrel.

- Date: 2022-01-31 · published 2022-01-31T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/43184-soybeans-hit-15-per-bushel
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Soybeans touching $15 signal tight South American supply and raise feed costs for soymeal-based rations. Crude strength supports soyoil and biofuel demand.

## Read by commodity

- SBM: bullish ▲
- SBO: bullish ▲
- SOY: bullish ▲
- WTI: bullish ▲

## Sources

- agriculture.com: https://www.agriculture.com/markets/analysis/crops/soybeans-hit-15-per-bushel-monday-january-31-2022

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