# Soybean Meal's Excellent Journey To The Upside (NYSEARCA:MOO) | Seeking Alpha

> A Seeking Alpha analysis says soybeans rallied on crush demand and dry conditions in Argentina, and that soybean meal has moved higher. The article notes that global inventories are high after several bumper crops, so weather will determine the next price direction.

- Date: 2018-03-01 · published 2018-03-01T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/66119-soybean-meal-s-excellent-journey-to-the-upside-nysearca-moo-seeking-alpha
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Soymeal strength on Argentine dryness and crush demand raises feed protein costs, though high carryover limits the upside unless the weather worsens.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Sources

- seekingalpha.com: https://seekingalpha.com/article/4152190-soybean-meals-excellent-journey-to-the-upside

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