# CBOT soyabean futures higher - Markets - Business Recorder

> CBOT soybeans closed higher on forecasts of stressful US crop weather, with August beans reaching their highest since March. Hot and dry weather over the next 10 days was expected to significantly increase crop stress across the central and southern Midwest, while soymeal rose $3.50 and soyoil fell 0.26 cent.

- Date: 2020-07-11 · published 2020-07-11T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/11496-cbot-soyabean-futures-higher-markets-business-recorder
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Expected Midwest heat and dryness raise the risk of lower soybean yields and tighter meal supply, supporting soybean and soymeal prices. Soyoil weakness reflects a different balance in the oil complex.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2022-07-31 | [CBOT soyabean futures rally - Markets - Business Recorder](https://feedsoft.ai/events/40515-cbot-soyabean-futures-rally-markets-business-recorder.md) | -1.4% | -1.9% |
| SOY | 2024-09-28 | [Soy futures soar on US weather woes - Markets - Business Recorder](https://feedsoft.ai/events/28337-soy-futures-soar-on-us-weather-woes-markets-business-recorder.md) | -2.6% | -7.3% |
| SOY | 2017-12-05 | [La Niña Chases Soybean Futures Higher \| Fox Business](https://feedsoft.ai/events/67406-la-nina-chases-soybean-futures-higher-fox-business.md) | -1.6% | -3.9% |
| SOY | 2023-08-28 | [Soybeans at 1-month high, corn firm as hot, dry weather hits US crops - Markets - Business Recorder](https://feedsoft.ai/events/34585-soybeans-at-1-month-high-corn-firm-as-hot-dry-weather-hits-us-crops-markets.md) | -1.8% | -6.0% |
| SOY | 2022-07-28 | [Soybeans jump over 1% to two-week high as US crop faces heat - Markets - Business Recorder](https://feedsoft.ai/events/8745-soybeans-jump-over-1-to-two-week-high-as-us-crop-faces-heat-markets-business.md) | -1.3% | -1.1% |
| SBM | 2022-07-31 | [CBOT soyabean futures rally - Markets - Business Recorder](https://feedsoft.ai/events/40515-cbot-soyabean-futures-rally-markets-business-recorder.md) | +0.9% | -2.8% |
| SBM | 2024-09-28 | [Soy futures soar on US weather woes - Markets - Business Recorder](https://feedsoft.ai/events/28337-soy-futures-soar-on-us-weather-woes-markets-business-recorder.md) | -2.5% | -10.5% |
| SBM | 2017-12-05 | [La Niña Chases Soybean Futures Higher \| Fox Business](https://feedsoft.ai/events/67406-la-nina-chases-soybean-futures-higher-fox-business.md) | -2.8% | -6.3% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40004512

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