This was supported by Asian feed mill tenders, adding optimism to near-term demand for protein meals. Grains Are Wobbling, So Mark Your Calendars for September 30 In order to compare the relative value of Soybean Oil to Soybean Meal, common units must first be established. Soybean Oil futures are priced as cents per pound while Soybean Meal futures are priced as dollars per 2,000-pound short ton and Soybean futures are quoted in 60-pound bushels. When a bushel of soybeans weighing 60 pounds is crushed, the conventional result is 11 pounds of soybean oil, 44 pounds of 48-percent-protein soybean meal, four pounds of hulls and one pound of waste. The common method to compare soybean oil prices directly with soybean meal is to convert the Soybean Oil futures price to the price per 11 pounds and convert the Soybean Meal futures price to the price per 44 pounds, or the outputs from crushing one bushel of soybeans. Spot soymeal prices in Santos, Brazil, climbed to three-month highs, helping CBOT futures hold firm despite broader commodity weakness. Strong Brazilian exports limit downside risk in US contracts for the near term.