# Funds ejected from soyameal shorts as futures surge - Markets - Business Recorder

> Speculators abandoned short positions in CBOT soybean meal in the week ended November 16 as US tightness drove futures to their highest since July. Most-active meal futures rose 7.3% that week, and commercial end-users added large gross shorts. Funds also moved toward net long soybeans for the first time since early 2020.

- Date: 2021-11-22 · published 2021-11-22T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/44123-funds-ejected-from-soyameal-shorts-as-futures-surge-markets-business-recorder
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Fund short covering and strong crush margins reinforce upward pressure on soybean meal and beans, raising feed costs for buyers.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Sources

- brecorder.com: https://www.brecorder.com/news/40135116

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