# Prices for soybeans expected crop forecast from the USDA

> Ukrainian commentary expects soybean prices to follow the upcoming USDA crop report, with Chicago soybean oil up 2% on biodiesel demand while soybean meal fell 3% on the month. Chicago January soybeans neared 10 dollars per bushel.

- Date: 2017-11-09 · published 2017-11-09T12:00:00.000Z
- Category: market · region Ukraine · magnitude low
- Page: https://feedsoft.ai/events/68074-prices-for-soybeans-expected-crop-forecast-from-the-usda
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Soyoil strength paired with weaker meal pressures the crush margin, and a USDA cut to US soybean output would push soybean values higher.

## Read by commodity

- SBM: bearish ▼
- SBO: bullish ▲
- SOY: neutral

## Sources

- graintrade.com.ua: https://graintrade.com.ua/en/novosti/tcini-na-soyu-ochikuyut-prognoz-vrozhayu-vid-usda.html

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