# Conventional soybean meal prices take a nosedive | Biodiesel Magazine

> UFOP reports that conventional soybean meal prices have dropped sharply in Europe. The article is a short notice with little detail beyond the headline.

- Date: 2018-06-21 · published 2018-06-21T12:00:00.000Z
- Category: market · region Europe · magnitude low
- Page: https://feedsoft.ai/events/64589-conventional-soybean-meal-prices-take-a-nosedive-biodiesel-magazine
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Lower soybean meal asking prices reduce feed protein costs for buyers, and the drop mirrors weakness in Chicago soymeal futures.

## Read by commodity

- SBM: bearish ▼

## Sources

- biodieselmagazine.com: https://biodieselmagazine.com/articles/conventional-soybean-meal-prices-take-a-nosedive-2516395

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