# Why are soybean prices falling?

> Soybean prices have fallen steadily over the past year, with Trading Economics data showing a drop from about $14.70 per bushel on 17 June 2023 to $11.60 on the same date this year. Flooding in Rio Grande do Sul has temporarily slowed the decline.

- Date: 2024-06-18 · published 2024-06-18T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/29782-why-are-soybean-prices-falling
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Large expected South American crops and ample carry-in stocks keep downward pressure on soybean prices, which feeds through to lower soybean meal costs for feed buyers.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼

## Sources

- foodnavigator.com: https://www.foodnavigator.com/Article/2024/06/18/why-are-soybean-prices-falling/

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