# CBoT soybean meal: brand of 305 US cents / bu in the

> CBOT soybean meal is testing its support level of 305 US cents per bushel for the fourth time. Traders are watching whether the market holds or breaks lower.

- Date: 2018-11-15 · published 2018-11-15T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/62108-cbot-soybean-meal-brand-of-305-us-cents-bu-in-the
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

A break below the repeatedly tested support could extend losses in soybean meal, lowering feed protein costs for buyers.

## Read by commodity

- SBM: neutral

## Sources

- zmp.de: https://www.zmp.de/en/futures/oilseeds/news/press-review-cbot-soybean-meal-brand-305-us-cents-bu-endurance-test-2018-11

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