# The Flush in Grain and Soybean Complex Futures Markets Continued Today

> Soybean and grain futures fell midweek as weak long liquidation continued. Forecasts for better Midwest rain prompted the selling, with November soybeans down 29 1/4 cents to $12.65 and August soybean meal down $6.30 to $393.70.

- Date: 2023-06-28 · published 2023-06-28T12:00:00.000Z
- Category: weather · region US · magnitude low
- Page: https://feedsoft.ai/events/35579-the-flush-in-grain-and-soybean-complex-futures-markets-continued-today
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Improved rainfall prospects for stressed Midwest crops ease weather risk premium, which pressures soybean, meal and corn prices unless dryness returns.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2021-08-10 | [US corn and soybean futures decline - Markets - Business Recorder](https://feedsoft.ai/events/12610-us-corn-and-soybean-futures-decline-markets-business-recorder.md) | -4.0% | -11.5% |
| SOY | 2024-03-06 | [Grain Markets: Can We Expect a Rally in Wheat, Corn, and Soybeans Anytime Soon?](https://feedsoft.ai/events/7304-grain-markets-can-we-expect-a-rally-in-wheat-corn-and-soybeans-anytime-soon.md) | +3.6% | +3.6% |
| SOY | 2017-01-31 | [Dry spell in Argentina may spoil buzz for soybean markets](https://feedsoft.ai/events/72847-dry-spell-in-argentina-may-spoil-buzz-for-soybean-markets.md) | +1.3% | +0.2% |
| SOY | 2022-01-19 | [Chicago soybean futures fell for a third straight session - Markets - Business Recorder](https://feedsoft.ai/events/10895-chicago-soybean-futures-fell-for-a-third-straight-session-markets-business.md) | +3.4% | +14.0% |
| SOY | 2021-01-20 | [CBOT soyabean futures fall - Markets - Business Recorder](https://feedsoft.ai/events/9540-cbot-soyabean-futures-fall-markets-business-recorder.md) | -1.1% | -0.1% |
| SBM | 2017-01-31 | [Dry spell in Argentina may spoil buzz for soybean markets](https://feedsoft.ai/events/72847-dry-spell-in-argentina-may-spoil-buzz-for-soybean-markets.md) | -0.5% | -0.5% |
| SBM | 2022-10-24 | [Soybean crush margins: An overview - Fastmarkets](https://feedsoft.ai/events/14000-soybean-crush-margins-an-overview-fastmarkets.md) | +1.8% | -1.8% |
| SBM | 2022-01-19 | [Chicago soybean futures fell for a third straight session - Markets - Business Recorder](https://feedsoft.ai/events/10895-chicago-soybean-futures-fell-for-a-third-straight-session-markets-business.md) | +0.2% | +10.8% |

## Sources

- agweb.com: https://www.agweb.com/markets/pro-farmer-analysis/flush-grain-and-soybean-complex-futures-markets-continued-today

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