# What’s Driving Soybean Value: Meal or Oil?

> Soybean crush margins were estimated at $2.08 per bushel as of October 13, above the long-run average of $1.46. The meal share of soybean value fell to 54% in October from 65% earlier in 2021 as oil's share rose.

- Date: 2021-10-25 · published 2021-10-25T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/44614-what-s-driving-soybean-value-meal-or-oil
- 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

Strong crush margins encourage processors to crush more beans, increasing meal output and pressuring meal prices, while rising oil value shifts the economics toward soybean oil demand.

## Read by commodity

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

## Sources

- southernagtoday.org: https://southernagtoday.org/2021/10/25/whats-driving-soybean-value-meal-or-oil-2/

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