# Prices of conventional soybean meal took a nosedive  : The Daily Digest

> UFOP reports that European asking prices for conventional soybean meal fell 14-16% from early May highs, to EUR 333-363 per tonne. Chicago soymeal futures have declined steadily since May, and the outlook is bearish.

- Date: 2018-06-24 · published 2018-06-24T12:00:00.000Z
- Category: market · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/64593-prices-of-conventional-soybean-meal-took-a-nosedive-the-daily-digest
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Ample Brazilian supply, good US growing conditions and the US-China dispute are pushing soymeal lower, lowering feed protein costs for buyers.

## Read by commodity

- SBM: bearish ▼

## Sources

- biofuelsdigest.com: https://biofuelsdigest.com/prices-of-conventional-soybean-meal-took-a-nosedive/

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