# Soybean Weekly Report

> Soybean futures in Chicago fell 5.3% in the prior week, with the August contract settling at 1105 cents per bushel. Favorable U.S. crop conditions and weak demand kept pressure on prices, while the USDA report caused no major move. Bullish factors included flood losses in Rio Grande do Sul and a large fund short position.

- Date: 2024-07-15 · published 2024-07-15T12:00:00.000Z
- Category: market · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/11199-soybean-weekly-report
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Ample U.S. supply and soft demand, including pressured Chinese crush margins, cap soybean and meal prices. Flood losses in Brazil and short covering are the main upside risks.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SOY | 2024-07-14 | 5 | -7.2% | -3.3 | Weekly report quantifies a 5.3% drop driven by favorable crop conditions and weak demand. |
| SOY | 2024-07-14 | 1 | -5.0% | -5.0 | Weekly summary shows favorable crop conditions, weak demand and large fund shorts keeping pressure on prices. |

## Sources

- stonex.com: https://www.stonex.com/en/insights/soybean-weekly-report-1509448/

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