# Prices for soybean meal reach annual high  : The Daily Digest

> German soybean meal prices reached a provisional annual high in early June after a Chicago soybean rally caused by U.S. flooding. Prices have since declined about 9 percent on weaker soybean prices and limited compound feed buying.

- Date: 2019-11-16 · published 2019-11-16T12:00:00.000Z
- Category: market · region Europe · magnitude low
- Page: https://feedsoft.ai/events/56129-prices-for-soybean-meal-reach-annual-high-the-daily-digest
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Meal prices in Germany are following softer soybean values and sporadic feed demand, keeping the price trend lower.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼

## Sources

- biofuelsdigest.com: https://biofuelsdigest.com/prices-for-soybean-meal-reach-annual-high/

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