# World Perspectives

> Dec meal fell to a new trading range low of $318 per short ton as traders bought soyoil and sold meal. Soyoil and oilshare strength drove the soy complex, while wheat was mixed and corn was little changed.

- Date: 2021-10-08 · published 2021-10-08T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/44617-world-perspectives
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Persistent selling of meal relative to oil signals ample meal supply, which keeps protein feed prices soft for buyers.

## Read by commodity

- SBM: bearish ▼
- SBO: bullish ▲

## Sources

- worldperspectives.com: https://worldperspectives.com/articles/pm-post---meal-drags

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