# Chartanalysis CBoT soybean meal KW04: Course builds up

> Chart analysis of CBOT soybean meal for calendar week 4 says prices are being held back by political tensions between the US and China. The chart is building up energy that could support a breakout.

- Date: 2019-01-24 · published 2019-01-24T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/61191-chartanalysis-cbot-soybean-meal-kw04-course-builds-up
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Soymeal is trading on trade-policy headlines rather than fundamentals, so buyers should expect price swings tied to US-China talks rather than a clear trend.

## Read by commodity

- SBM: neutral

## Sources

- zmp.de: https://www.zmp.de/en/futures/oilseeds/news/press-review-chartanalysis-cbot-soybean-meal-kw04-course-builds-potential

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