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Chicago July soybeans fell 8 cents to 1,121.50 cents/bushel and November lost 4 cents. Soybean meal dropped $5.20 to $308.50/short ton, soybean oil fell further, and canola and rapeseed also declined sharply.
USDA reported 190,000 tons of meal sold to the Philippines, but old-crop commitments remain 18% below last year.
Weaker meal and oil prices, lower crude oil, and rain prospects for the Corn Belt reduce soybean crush value and yield concerns, pressuring soybean and meal prices lower.
zmp.deJun 8, 2026Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
On June 8 soymeal fell $5.20 to $308.50 with weak old-crop commitments, directly adding to the 5-day drop.
Same-day report of soymeal falling $5.20 to $308.50/short ton within a broad soy complex selloff, directly reflecting the move, though its size is far smaller than -8.1%.
