# FOB Soybean Price Watch

> FOB soybean prices in Brazil (Paranagua) closed near $11.00 per bushel, up a dime on the week and at a one-year high. New Orleans FOB soybeans rose 15 cents to $10.82, their highest close in 11 months, even as Brazil's harvest is expected to be a 4.1-billion-bushel crop.

- Date: 2018-02-23 · published 2018-02-23T12:00:00.000Z
- Category: market · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/66526-fob-soybean-price-watch
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Strong FOB values despite a large expected Brazilian crop suggest firm export demand or Argentine supply worries are supporting soybean prices, which feeds into soymeal costs for feed buyers.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/article/2018/02/23/fob-soybean-price-watch

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