# U.S. grains: Soy futures follow rally in soymeal - Grainews

> CBOT January soybean futures rose for a third straight day on Thursday, led by soymeal, after Argentine crusher Vicentin began a payment restructuring citing financial stress. The USDA also reported private sales of 245,000 tonnes of soybeans to unknown destinations, while wheat fell on weak export demand.

- Date: 2019-12-05 · published 2019-12-05T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/55643-u-s-grains-soy-futures-follow-rally-in-soymeal-grainews
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Vicentin's debt trouble could tighten world soymeal supplies, supporting meal prices for feed buyers, while new export sales add modest support to soybeans.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- WHEAT: bearish ▼

## Sources

- grainews.ca: https://www.grainews.ca/daily/u-s-grains-soy-futures-follow-rally-in-soymeal/

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