# Rising US soy export demand battles benign weather, looming crop report  | Reuters

> CBOT November soybeans had their biggest downturn since May, falling nearly 7% from their July 24 high for the year. The article notes export margins have been smaller than in years when USDA yield surprises were to the upside.

- Date: 2023-08-04 · published 2023-08-04T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/34601-rising-us-soy-export-demand-battles-benign-weather-looming-crop-report-reuters
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Strong US export demand against benign weather and an upcoming USDA report frames the near-term soybean price outlook, with the report a key catalyst for meal costs.

## Read by commodity

- SBM: neutral
- SOY: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/rising-us-soy-export-demand-battles-benign-weather-looming-crop-report-2023-08-04/

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