# Soybeans fall on recent rain, but bounce off lows - Brownfield Ag News

> Soybeans closed lower on speculative and technical selling but finished above session lows. Recent Midwest and Plains rain could stabilize or boost yields in some areas. Unknown destinations bought 264,000 tons of new-crop US soybeans.

- Date: 2022-08-30 · published 2022-08-30T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/40068-soybeans-fall-on-recent-rain-but-bounce-off-lows-brownfield-ag-news
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Expectations of a record US crop and favorable rain weigh on soybean, meal and oil prices, though the modest new-crop purchases offer some support.

## Read by commodity

- SBM: bearish ▼
- SBO: bearish ▼
- SOY: bearish ▼

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/soybeans-fall-on-recent-rain-but-bounce-off-lows/

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