# Good Fundamentals Support Soybean Complex | Red River Farm Network

> Soybeans failed to break $12 on December 16 as meal-led gains lifted the complex. StoneX analyst Phillip Claussen cited Argentine labor strikes hampering exports and crush, plus a big jump in meal exports in the NOPA report.

- Date: 2020-12-16 · published 2020-12-16T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/49723-good-fundamentals-support-soybean-complex-red-river-farm-network
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Meal leading the soybean complex higher signals firm meal demand and supports soybean and meal prices.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SBM | 2020-12-21 | 5 | +8.3% | 3.2 | Meal-led gains on Dec 16 were attributed to Argentine strikes hampering crush and exports plus a big jump in NOPA meal exports, showing the strike and demand supporting meal within the window. |

## Sources

- rrfn.com: https://www.rrfn.com/2020/12/16/good-fundamentals-support-soybean-complex/

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