# New- and old-crop soybean contracts diverge 27.08.2021 - UkrAgroConsult

> CME soybean futures closed mixed on August 26, with September soybeans up 21.5 cents at $13.67 and November down 6.5 cents at $13.26. December soymeal settled $3.10 higher at $355.90 per short ton, while crude oil fell $1.02 to $67.34 and the dollar strengthened.

- Date: 2021-08-27 · published 2021-08-27T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/45650-new-and-old-crop-soybean-contracts-diverge-27-08-2021-ukragroconsult
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Weather seen as price-negative with late rains, a stronger dollar and weaker energy prices weigh on the complex, though continued Chinese spot soybean buying gives some support.

## Read by commodity

- DXY: bullish ▲
- SBM: neutral
- SBO: neutral
- SOY: neutral
- WTI: bearish ▼

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/new-and-old-crop-soybean-contracts-diverge/

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