# Soybean Meal Tugs Soybean Prices Higher

> Soybeans closed up 9.75 cents in November and corn closed up 0.75 cent in December at $3.68 1/4, with both up sharply on the week. Wheat also rose, and the December dollar index dipped. Strong early export pace and flood concerns in the Corn Belt supported prices.

- Date: 2018-10-05 · published 2018-10-05T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/62596-soybean-meal-tugs-soybean-prices-higher
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Solid export demand and weather-related supply worries lift corn and soybean prices, and higher meal prices raise feed input costs. Significant crop loss was not expected, limiting the rally.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- CORN: bullish ▲

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/article/2018/10/05/soybean-meal-tugs-soybean-prices

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