# Markets continue to push lower - Grainews

> Grainews commentary says grain and oilseed markets remain bearish, with war risk premiums gone and Ukrainian strikes on Rostov and Novorossiysk ports drawing little reaction. USDA's record US soybean crop of 4.59 billion bushels pushes projected 2024-25 soybean ending stocks to 560 million bushels, weighing on oilseed futures.

- Date: 2024-09-18 · published 2024-09-18T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/28377-markets-continue-to-push-lower-grainews
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Record US soybean supplies and rising ending stocks keep soybean meal and oilseed prices under pressure, lowering costs for protein feed buyers.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- WHEAT: neutral

## Sources

- grainews.ca: https://www.grainews.ca/markets/markets-continue-to-push-lower/

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