# Mysteel soybean and relatives market daily: DCE M2609 under pressure testing key support, soybean meal spot price hovers near lows | Mysteel

> CBOT soybean futures fell for six straight sessions to a four-month low. Favorable US weather and expected rain point to a large new crop, while funds sold long positions. Weak US export sales and South American harvest pressure added to the decline.

- Date: 2026-06-09 · published 2026-06-09T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/5193-mysteel-soybean-and-relatives-market-daily-dce-m2609-under-pressure-testing-key
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Good US crop prospects and sluggish exports signal ample supply, which pressures soybean and meal prices lower.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2026-10-14 | [SunSirs: Accelerated U.S. Soybean Harvest Puts Downward Pressure on Soybean Meal Market](https://feedsoft.ai/events/498-sunsirs-accelerated-u-s-soybean-harvest-puts-downward-pressure-on-soybean-meal.md) | -2.3% | — |
| SOY | 2023-01-27 | [Dry Bulk Market Under Pressure in Early 2023 \| Sea and Job](https://feedsoft.ai/events/37990-dry-bulk-market-under-pressure-in-early-2023-sea-and-job.md) | +0.7% | +0.4% |
| SOY | 2024-01-05 | [New-Crop Soybean Meal Prices Anticipating Larger Argentine Harvest in 2024](https://feedsoft.ai/events/32215-new-crop-soybean-meal-prices-anticipating-larger-argentine-harvest-in-2024.md) | -2.4% | -5.8% |
| SOY | 2020-04-22 | [Report: Rice prices rise slightly, while corn, cotton and soybean farmers face historic lows - Talk Business & Politics](https://feedsoft.ai/events/6058-report-rice-prices-rise-slightly-while-corn-cotton-and-soybean-farmers-face.md) | -0.6% | +1.4% |
| SBM | 2026-10-14 | [SunSirs: Accelerated U.S. Soybean Harvest Puts Downward Pressure on Soybean Meal Market](https://feedsoft.ai/events/498-sunsirs-accelerated-u-s-soybean-harvest-puts-downward-pressure-on-soybean-meal.md) | -4.3% | — |
| SBM | 2024-01-05 | [New-Crop Soybean Meal Prices Anticipating Larger Argentine Harvest in 2024](https://feedsoft.ai/events/32215-new-crop-soybean-meal-prices-anticipating-larger-argentine-harvest-in-2024.md) | -4.6% | -4.6% |
| SBM | 2022-01-19 | [Precipitation in South America lowers soybean prices, which increases pressure on sunflower prices 19.01.2022 - UkrAgroConsult](https://feedsoft.ai/events/43262-precipitation-in-south-america-lowers-soybean-prices-which-increases-pressure.md) | +0.2% | +10.8% |

## Sources

- mysteel.net: https://www.mysteel.net/analysis/5127391-mysteel-soybean-and-relatives-market-daily-dce-m2609-under-pressure-testing-key-support-soybean-meal-spot-price-hovers-near-lows

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