# As bean prices go lower, are the macro markets still intrigued

> Soybean prices came under heavy pressure after USDA raised national crop conditions to 59% good-to-excellent. Iowa and North Dakota deteriorated, while Illinois and Indiana improved but remained well below last year's ratings.

- Date: 2017-08-01 · published 2017-08-01T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/12260-as-bean-prices-go-lower-are-the-macro-markets-still-intrigued
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Uneven state-level conditions leave the crop tight in key states even as the national rating rises, which limits downside for soybean meal and feed costs. Analysts still expected longer-term support.

## Read by commodity

- SBM: neutral
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2024-08-14 | [Soybean and corn prices are sharply dropping in global markets, with the cause still unknown.](https://feedsoft.ai/events/12649-soybean-and-corn-prices-are-sharply-dropping-in-global-markets-with-the-cause.md) | -3.2% | -0.9% |
| SOY | 2025-07-11 | [Grain Markets Tank on Weather, Fade the WASDE: How Low Could Prices Fall? - AgWeb](https://feedsoft.ai/events/11928-grain-markets-tank-on-weather-fade-the-wasde-how-low-could-prices-fall-agweb.md) | +0.9% | -4.0% |
| SOY | 2025-11-14 | [Grain Markets Tank Friday on USDA Reports: How Low Will Prices Go? - AgWeb](https://feedsoft.ai/events/21973-grain-markets-tank-friday-on-usda-reports-how-low-will-prices-go-agweb.md) | -0.8% | -4.9% |
| SOY | 2025-03-06 | [Lower feed prices could bolster 2025 margins](https://feedsoft.ai/events/25678-lower-feed-prices-could-bolster-2025-margins.md) | -1.0% | +3.2% |
| SOY | 2017-08-10 | [Surprise, Another Big Corn and Soybean Crop On the Way \| Farm Bureau Intel Markets \| American Farm Bureau Federation](https://feedsoft.ai/events/69397-surprise-another-big-corn-and-soybean-crop-on-the-way-farm-bureau-intel-markets.md) | -4.3% | +0.0% |
| SBM | 2023-11-07 | [Global poultry markets recover as challenges ease - Rabobank
						 \| The Poultry Site](https://feedsoft.ai/events/33319-global-poultry-markets-recover-as-challenges-ease-rabobank-the-poultry-site.md) | +6.3% | -1.1% |
| SBM | 2023-09-18 | [African Continent’s Limited Role in the Global Oilseed Market](https://feedsoft.ai/events/34239-african-continent-s-limited-role-in-the-global-oilseed-market.md) | -1.5% | -2.4% |
| SBM | 2025-02-28 | [Prices face pressure as larger U.S. crops expected this year \| The Western Producer](https://feedsoft.ai/events/26080-prices-face-pressure-as-larger-u-s-crops-expected-this-year-the-western-producer.md) | +1.7% | +1.5% |

## Sources

- farmprogress.com: https://www.farmprogress.com/soybean/as-bean-prices-go-lower-are-the-macro-markets-still-intrigued-

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