# Bearish Riddles in Soybean Futures

> DTN's National Soybean Index fell from a May 12 high of $16.47 to $15.23 by May 20, 2021. The national cash basis weakened 17 cents in under a month, moving from 7 cents over July futures on April 30 to 10 cents under on May 20.

- Date: 2021-05-21 · published 2021-05-21T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/12360-bearish-riddles-in-soybean-futures
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A fast drop in cash basis signals that commercial demand for physical soybeans is fading, which pressures futures and cash bids lower. The move is a bearish signal for soybean prices.

## Read by commodity

- SOY: bearish ▼

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/article/2021/05/21/bearish-riddles-soybean-futures

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