# Soybeans' Bearish Collapse: Cash Prices and Meal Futures Falling

> DTN analyst Todd Hultman reports that since May 12 highs, the National Soybean Index has fallen over $3 per bushel and July soybean meal is down over $100 a short ton. He describes demand for soybeans and meal vanishing over the past six weeks after USDA had kept ending stocks tight.

- Date: 2021-06-25 · published 2021-06-25T12:00:00.000Z
- Category: market · region US · magnitude medium
- Page: https://feedsoft.ai/events/46663-soybeans-bearish-collapse-cash-prices-and-meal-futures-falling
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

A sharp drop in cash bids and meal futures reduces feed protein costs for buyers, while signaling that demand destruction has shifted the soybean complex from bullish to bearish.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/article/2021/06/25/soybeans-bearish-collapse-cash-meal

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