# Why Soybean Prices Have Continued to Fall Throughout 2024

> Soybean futures fell below $11 a bushel in mid-July 2024 for the first time since November 2020, reflecting more favourable-than-expected supply and weak export demand. The article describes a multi-year downtrend from a May 2022 high near $17.30.

- Date: 2024-07-18 · published 2024-07-18T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/29285-why-soybean-prices-have-continued-to-fall-throughout-2024
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A persistent bearish trend driven by ample supply and weak exports suggests soybean prices could keep falling, affecting feed costs for buyers.

## Read by commodity

- SOY: bearish ▼

## Sources

- internationalbanker.com: https://internationalbanker.com/brokerage/why-soybean-prices-have-continued-to-fall-throughout-2024/

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