# Europe's feed dealers hope on falling prices of soy

> European feed manufacturers hoped for lower soybean meal prices after a CBoT decline, following a rise since early April to a 15-month high. Argentine crop losses from heavy rain had supported offers, and some profit-taking set in. Buyers were also watching the upcoming USDA report.

- Date: 2016-05-06 · published 2016-05-06T12:00:00.000Z
- Category: market · region Europe · magnitude low
- Page: https://feedsoft.ai/events/9921-europe-s-feed-dealers-hope-on-falling-prices-of-soy
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Soybean meal is a key protein feed, and a CBoT pullback combined with expected Argentine arrivals could ease European feed costs. Price direction depends on the USDA report and the size of Argentine supply.

## Read by commodity

- SBM: bearish ▼

## Sources

- zmp.de: https://www.zmp.de/en/futures/news/newsticker-europes-feed-dealers-hope-falling-prices-soy-meal-2016-05-06

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