# Soybean Complex Regains Lost Ground

> December soybean oil closed at 67.97 cents on August 12, up 4 cents on the week and recovering much of its June-July decline. December soybean meal rose $12.80 to $417.90, near its highest level to date, with spot meal trading well above futures.

- Date: 2022-08-15 · published 2022-08-15T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/6712-soybean-complex-regains-lost-ground
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Strong spot meal demand and a technical breakout point to firmer soymeal prices, while soyoil gains tied to palm and crude oil support the oil complex and raise feed fat costs.

## Read by commodity

- SBM: bullish ▲
- SBO: bullish ▲
- WTI: bullish ▲
- PALMOIL: bullish ▲

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/blogs/technically-speaking/blog-post/2022/08/15/soybean-complex-regains-lost-ground
- dtnpf.com: https://www.dtnpf.com/agriculture/web/Ag/blogs/technically-speaking/blog-post/2022/08/15/soybean-complex-regains-lost-ground

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