# New Clues for Soybean Futures

> DTN analyst Todd Hultman reports China's soybean futures broke below their 50-day average, ending a five-month uptrend. Rain forecasts for central Brazil, including Mato Grosso, after a dry spell weighed on both US and Brazilian soybean prices in early December.

- Date: 2020-12-04 · published 2020-12-04T12:00:00.000Z
- Category: weather · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/49686-new-clues-for-soybean-futures
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Rain in Brazil's key producing region reduces drought risk to the new crop and eases supply worries, a bearish factor for soybean prices if China's demand is slowing.

## Read by commodity

- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2022-09-28 | [Brazil readies for historic soybean crop](https://feedsoft.ai/events/13699-brazil-readies-for-historic-soybean-crop.md) | -1.7% | -1.8% |
| SOY | 2023-05-15 | [Summer Soybean Meal Prices Resist New Lows](https://feedsoft.ai/events/36011-summer-soybean-meal-prices-resist-new-lows.md) | -8.9% | -4.3% |
| 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 | 2021-07-12 | [Futures Files - Minot Daily News](https://feedsoft.ai/events/7779-futures-files-minot-daily-news.md) | +3.6% | +1.3% |
| 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% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/article/2020/12/04/new-clues-soybean-futures

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