# Sentiment suggests soya prices may fall back - Poultry Network

> Forward indicators for UK soymeal prices have turned lower for coming months as ample supplies weigh on sentiment. Soymeal peaked above £390 per tonne in September after USDA reported US stocks at 14-year lows, but September US stocks came in more than 2 million tonnes above trade expectations.

- Date: 2021-10-07 · published 2021-10-07T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/44618-sentiment-suggests-soya-prices-may-fall-back-poultry-network
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Expected ample supply and early Brazilian record harvest prospects point to softer soymeal prices, which benefits UK feed buyers.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼

## Sources

- poultry.network: https://poultry.network/sentiment-suggests-soya-prices-may-fall-back/

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