# Soybean prices top $15 a bushel to log highest finish since June - MarketWatch

> Soybean futures settled above $15 a bushel for the first time since June as drought in southern Brazil cut production estimates. Private estimates for South American output fell toward 120 million metric tons, versus 138 million last year.

- Date: 2022-02-01 · published 2022-02-01T12:00:00.000Z
- Category: weather · region South America · magnitude high
- Page: https://feedsoft.ai/events/12639-soybean-prices-top-15-a-bushel-to-log-highest-finish-since-june-marketwatch
- 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

A sharp drop in Brazilian supply tightens global soybean balances and lifts meal and oil values for feed buyers.

## Read by commodity

- SBM: bullish ▲
- SBO: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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% |
| SOY | 2021-08-31 | [What to watch in the soybean market - Brownfield Ag News](https://feedsoft.ai/events/45592-what-to-watch-in-the-soybean-market-brownfield-ag-news.md) | -2.8% | -2.1% |
| SOY | 2020-07-11 | [CBOT soyabean futures higher - Markets - Business Recorder](https://feedsoft.ai/events/11496-cbot-soyabean-futures-higher-markets-business-recorder.md) | +0.7% | -2.4% |
| SOY | 2021-04-22 | [Corn highest since 2013, soy tops $15 and wheat over $7 on supply fears \| Financial Post](https://feedsoft.ai/events/9788-corn-highest-since-2013-soy-tops-15-and-wheat-over-7-on-supply-fears-financial.md) | +4.0% | +2.7% |
| SOY | 2016-04-19 | [South America weather, politics push soybean prices higher \| Farm Progress](https://feedsoft.ai/events/10298-south-america-weather-politics-push-soybean-prices-higher-farm-progress.md) | +4.8% | +11.6% |
| SBM | 2021-08-31 | [What to watch in the soybean market - Brownfield Ag News](https://feedsoft.ai/events/45592-what-to-watch-in-the-soybean-market-brownfield-ag-news.md) | -1.4% | -1.1% |
| SBM | 2020-07-11 | [CBOT soyabean futures higher - Markets - Business Recorder](https://feedsoft.ai/events/11496-cbot-soyabean-futures-higher-markets-business-recorder.md) | -1.5% | -3.7% |
| SBM | 2023-03-01 | [Soybean Crush Product Prices Switch Again](https://feedsoft.ai/events/37367-soybean-crush-product-prices-switch-again.md) | +2.6% | -6.2% |

## Sources

- marketwatch.com: https://www.marketwatch.com/story/soybean-prices-top-15-a-bushel-on-track-for-highest-finish-since-june-11643735545

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