# Protein feed: Soy prices in high spirits - rise to

> German protein feed commentary notes soymeal prices have risen to a six-year high, matching levels last seen about six years ago. Rapeseed meal is also firm, and the report expects little near-term easing.

- Date: 2020-11-11 · published 2020-11-11T12:00:00.000Z
- Category: market · region Europe · magnitude low
- Page: https://feedsoft.ai/events/50264-protein-feed-soy-prices-in-high-spirits-rise-to
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Soymeal at a six-year high raises protein feed costs for buyers and suggests limited relief in the near term.

## Read by commodity

- SBM: bullish ▲
- CANMEAL: bullish ▲

## Sources

- zmp.de: https://www.zmp.de/en/futures/news/press-review-protein-feed-soy-prices-high-spirits-rise-6-year-high-sojaschrot

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