# Soybean Futures Drop Amid Questions Around China Demand -- Daily Grain Highlights | MarketScreener

> Soybean futures for July delivery fell 2.2% to $11.28 3/4 a bushel on the Chicago Board of Trade after new tariffs under Section 301 raised fears of reduced Chinese purchases of U.S. soybeans. Corn fell 1.8% and wheat fell 0.9%. Crude oil also dropped nearly 3% on hopes for an Israel-Lebanon ceasefire that could lead to talks with Iran over reopening the Strait of Hormuz.

- Date: 2026-06-04 · published 2026-06-04T12:00:00.000Z
- Category: trade · region China · magnitude high
- Page: https://feedsoft.ai/events/12561-soybean-futures-drop-amid-questions-around-china-demand-daily-grain-highlights
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Fears that China will cut purchases of U.S. soybeans weigh on export demand and pressure U.S. soybean and soymeal prices. Lower crude oil also reduces the energy-linked support for vegetable oils and grains.

## Read by commodity

- SOY: bearish ▼
- WTI: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SOY | 2026-06-04 | 5 | -5.5% | -2.9 | July soybeans fell 2.2% on June 4 on fears of reduced Chinese purchases after new Section 301 tariffs, and crude fell on Hormuz hopes, hitting demand and soyoil. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2026-03-16 | [Soybean Futures Plummet on Possibility of Postponed Summit -- Daily Grain Highlights \| MarketScreener](https://feedsoft.ai/events/5797-soybean-futures-plummet-on-possibility-of-postponed-summit-daily-grain.md) | -4.1% | -4.0% |
| SOY | 2026-10-28 | [Wheat Futures Extend Losses on Hopes for Russia-Ukraine Talks -- Daily Grain Highlights \| MarketScreener](https://feedsoft.ai/events/79-wheat-futures-extend-losses-on-hopes-for-russia-ukraine-talks-daily-grain.md) | -1.6% | — |
| SOY | 2026-01-01 | [Soybean futures drop 85 cents as China buying disappoints market](https://feedsoft.ai/events/21530-soybean-futures-drop-85-cents-as-china-buying-disappoints-market.md) | +1.6% | +3.3% |
| SOY | 2026-05-12 | [China forecasts lower 2026/27 soybean imports on slowing soymeal demand from pig sector \| MarketScreener](https://feedsoft.ai/events/19248-china-forecasts-lower-2026-27-soybean-imports-on-slowing-soymeal-demand-from.md) | +1.1% | -7.2% |
| SOY | 2023-04-05 | [China's soybean demand likely to remain soft until May amid poor crush margins](https://feedsoft.ai/events/36386-china-s-soybean-demand-likely-to-remain-soft-until-may-amid-poor-crush-margins.md) | -0.9% | -4.6% |
| CORN | 2026-03-16 | [Soybean Futures Plummet on Possibility of Postponed Summit -- Daily Grain Highlights \| MarketScreener](https://feedsoft.ai/events/5797-soybean-futures-plummet-on-possibility-of-postponed-summit-daily-grain.md) | +2.4% | -1.7% |
| CORN | 2023-05-10 | [Grain Markets React Negatively to Weaker Chinese Demand, Ukraine Deal Negotiations \| American Ag Network](https://feedsoft.ai/events/11371-grain-markets-react-negatively-to-weaker-chinese-demand-ukraine-deal.md) | -7.0% | -9.7% |
| CORN | 2022-12-09 | [China’s Grain Imports Fall Nearly 12% in First 11 Months Amid Global Turmoil, Softer Demand](https://feedsoft.ai/events/14883-china-s-grain-imports-fall-nearly-12-in-first-11-months-amid-global-turmoil.md) | +1.9% | +2.9% |

## Sources

- marketscreener.com: https://www.marketscreener.com/news/soybean-futures-drop-amid-questions-around-china-demand-daily-grain-highlights-ce7f5dddd980ff20

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