# U.S. grains: Soybeans sag to near two-week low as crop impresses scouts - Grainews

> Chicago soybean futures fell about 3% to their lowest since mid-August as the Pro Farmer Midwest Crop Tour reported above-average pod counts and good prospects in Minnesota, Illinois and Iowa. Corn and wheat also declined for a fourth session.

- Date: 2016-08-25 · published 2016-08-25T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/12394-u-s-grains-soybeans-sag-to-near-two-week-low-as-crop-impresses-scouts-grainews
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Strong crop prospects raise expected supply and push soybean prices lower, with soybean oil and meal following beans down. Soybeans priced about three times corn also weakened the outlook for demand.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2017-01-03 | [U.S. grains: Soy hits six-week low on South American prospects - Grainews](https://feedsoft.ai/events/73024-u-s-grains-soy-hits-six-week-low-on-south-american-prospects-grainews.md) | 0.0% | +2.8% |
| SOY | 2024-07-10 | [U.S. grains: Soy futures fall to 2020 low on strong US crop prospects](https://feedsoft.ai/events/11196-u-s-grains-soy-futures-fall-to-2020-low-on-strong-us-crop-prospects.md) | -6.1% | -11.5% |
| SOY | 2026-06-04 | [Corn and soybeans extend losses as favorable crop weather improves outlook](https://feedsoft.ai/events/10647-corn-and-soybeans-extend-losses-as-favorable-crop-weather-improves-outlook.md) | -2.7% | -1.9% |
| SOY | 2024-02-07 | [Corn, soybeans touch new multi-year lows on grain glut worries  - The Globe and Mail](https://feedsoft.ai/events/7198-corn-soybeans-touch-new-multi-year-lows-on-grain-glut-worries-the-globe-and-mail.md) | -1.1% | -4.9% |
| SOY | 2019-09-11 | [U.S. grains: Soybeans, corn ease on crop-boosting weather - AgCanada](https://feedsoft.ai/events/9148-u-s-grains-soybeans-corn-ease-on-crop-boosting-weather-agcanada.md) | +4.0% | +7.1% |
| CORN | 2024-07-10 | [U.S. grains: Soy futures fall to 2020 low on strong US crop prospects](https://feedsoft.ai/events/11196-u-s-grains-soy-futures-fall-to-2020-low-on-strong-us-crop-prospects.md) | -0.8% | -0.3% |
| CORN | 2026-06-04 | [Corn and soybeans extend losses as favorable crop weather improves outlook](https://feedsoft.ai/events/10647-corn-and-soybeans-extend-losses-as-favorable-crop-weather-improves-outlook.md) | -2.5% | -4.5% |
| CORN | 2019-09-11 | [U.S. grains: Soybeans, corn ease on crop-boosting weather - AgCanada](https://feedsoft.ai/events/9148-u-s-grains-soybeans-corn-ease-on-crop-boosting-weather-agcanada.md) | +4.2% | +9.2% |

## Sources

- grainews.ca: https://www.grainews.ca/daily/u-s-grains-soybeans-sag-to-near-two-week-low-as-crop-impresses-scouts/

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