# Trends - CBOT soybean oil - Business Recorder

> CBOT soybeans fell for a fourth straight session on March 30 on expectations of larger US planting, while corn was flat and wheat slipped after two days of gains. Technical notes point to further downside for soybeans toward the $13.76 to $13.95 range.

- Date: 2021-03-30 · published 2021-03-30T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/48214-trends-cbot-soybean-oil-business-recorder
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Expectations of more US soybean acres add to supply prospects and pressure soybean prices lower. Soyoil and meal may follow soybean weakness unless biofuel demand offsets it.

## Read by commodity

- SOY: bearish ▼

## Sources

- brecorder.com: https://www.brecorder.com/trends/cbot-soybean-oil

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