# Soybean Prices Decline on Forecasted Midwest Rains Despite Strong Export Demand | Tridge Insights

> CBOT November soybeans fell 12 to 14 cents to their lowest since July 17 on forecasts of beneficial August rains in the Midwest. USDA lowered the good-to-excellent soybean rating below expectations, though strong export demand limited losses. Bunge raised its full-year profit forecast on strong crush margins.

- Date: 2026-07-30 · published 2026-07-30T12:00:00.000Z
- Category: weather · region US · magnitude low
- Page: https://feedsoft.ai/events/18363-soybean-prices-decline-on-forecasted-midwest-rains-despite-strong-export-demand
- 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

Improving Midwest moisture outlook lowers weather risk premium and pressures soybean and meal prices, while firm crush margins support demand for soybean meal and oil.

## Read by commodity

- SBM: neutral
- SBO: bullish ▲
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2026-07-17 | [IGC Reports Heatwaves in Europe Lower 2026/27 Global Cereal Harvest; Soybean and Rice Outlooks Adjusted \| Tridge Insights](https://feedsoft.ai/events/18398-igc-reports-heatwaves-in-europe-lower-2026-27-global-cereal-harvest-soybean-and.md) | +2.7% | -3.9% |
| SOY | 2023-01-19 | [Soybeans, corn slide on forecasts for much-needed Argentine rains \| Financial Post](https://feedsoft.ai/events/10660-soybeans-corn-slide-on-forecasts-for-much-needed-argentine-rains-financial-post.md) | -1.4% | +0.1% |
| SOY | 2019-12-19 | [U.S. grains: Soy futures ease on rains in South American forecasts - Grainews](https://feedsoft.ai/events/55628-u-s-grains-soy-futures-ease-on-rains-in-south-american-forecasts-grainews.md) | +1.0% | +0.1% |
| SOY | 2017-08-02 | [Prices for rapeseed continue to decline](https://feedsoft.ai/events/12263-prices-for-rapeseed-continue-to-decline.md) | +0.4% | -3.0% |
| SOY | 2023-08-09 | [Drought drives big drop in wheat and oat forecast amid long-term shift to corn and soybeans — Spot On South Dakota](https://feedsoft.ai/events/34647-drought-drives-big-drop-in-wheat-and-oat-forecast-amid-long-term-shift-to-corn.md) | -7.5% | -4.9% |
| SBM | 2020-02-20 | [Despite excess rainfall in the north, Argentina still expects to collect 53.1 million tons of soybeans — MercoPress](https://feedsoft.ai/events/54442-despite-excess-rainfall-in-the-north-argentina-still-expects-to-collect-53-1.md) | -0.6% | +3.8% |
| SBM | 2025-07-18 | [U.S. grains: Soybean futures set two-week high on US weather worry, soyoil rally \| The Western Producer](https://feedsoft.ai/events/23828-u-s-grains-soybean-futures-set-two-week-high-on-us-weather-worry-soyoil-rally.md) | +1.1% | +5.0% |
| SBM | 2024-07-31 | [The status of the Midwest and U.S. soybean crop heading into August — AgVenture WSC](https://feedsoft.ai/events/13169-the-status-of-the-midwest-and-u-s-soybean-crop-heading-into-august-agventure-wsc.md) | -1.0% | -8.2% |

## Sources

- insights.tridge.com: https://insights.tridge.com/speaker-product-news-reports/KJLyFXpzJzgKuB1Gqsm5QUKHGgR43AVdqLZj3EQqkEMmPKeiW6kXmj9N

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