# Soybean price commentary: Futures fall on US tariffs, bearish derived and external markets - Fastmarkets

> CME July soybean futures fell 8 cents to $11.21 per bushel and lost 5.44% for the week. New US tariffs on about 60 trading partners raised doubts about China's commitments to buy US soybeans. A stronger dollar, lower crude, and weaker soymeal and soyoil also weighed on prices.

- Date: 2026-06-08 · published 2026-06-08T12:00:00.000Z
- Category: trade · region US · magnitude high
- Page: https://feedsoft.ai/events/5195-soybean-price-commentary-futures-fall-on-us-tariffs-bearish-derived-and
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Renewed tariffs threaten Chinese purchases of US soybeans, and a firmer dollar and weaker oil reduce derived product values, pushing prices lower.

## Read by commodity

- SBM: bearish ▼
- SBO: bearish ▼
- SOY: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SBM | 2026-06-08 | 5 | -7.8% | -3.2 | Soybeans lost 5.44% for the week on US tariff worries over China purchases, a stronger dollar, and weak meal and oil, all bearish for meal. |
| SBM | 2026-06-08 | 1 | -8.1% | -7.1 | New US tariffs on about 60 trading partners raised doubts about China's US soybean purchases, with a stronger dollar and weaker meal and oil adding bearish trade-flow and currency pressure. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-06-26 | [Prices for canola and canola down under pressure from the soybean market](https://feedsoft.ai/events/58695-prices-for-canola-and-canola-down-under-pressure-from-the-soybean-market.md) | -3.0% | -1.4% |
| SOY | 2018-07-09 | [As Tariffs Bite, China Cancels U.S. Soy Deals and Hunt Is on for New Export Markets](https://feedsoft.ai/events/63898-as-tariffs-bite-china-cancels-u-s-soy-deals-and-hunt-is-on-for-new-export.md) | -6.9% | +1.4% |
| SOY | 2025-03-04 | [China announces new duties on US agricultural imports as US tariffs take effect - Fastmarkets](https://feedsoft.ai/events/8147-china-announces-new-duties-on-us-agricultural-imports-as-us-tariffs-take-effect.md) | +0.2% | +1.7% |
| SOY | 2025-02-01 | [COMMENTARY: China passes on US soybeans despite Brazilian delays](https://feedsoft.ai/events/14692-commentary-china-passes-on-us-soybeans-despite-brazilian-delays.md) | +0.7% | -4.2% |
| SOY | 2021-09-07 | [China's August soybean imports fall on flat demand - Markets - Business Recorder](https://feedsoft.ai/events/45066-china-s-august-soybean-imports-fall-on-flat-demand-markets-business-recorder.md) | -0.8% | -3.7% |
| SBM | 2021-09-07 | [China's August soybean imports fall on flat demand - Markets - Business Recorder](https://feedsoft.ai/events/45066-china-s-august-soybean-imports-fall-on-flat-demand-markets-business-recorder.md) | +1.7% | -3.9% |
| SBM | 2025-12-11 | [Soybean futures rise on fresh US export sales - CBOT
						 \| The Pig Site](https://feedsoft.ai/events/21584-soybean-futures-rise-on-fresh-us-export-sales-cbot-the-pig-site.md) | +0.1% | +0.9% |
| SBM | 2020-10-29 | [ANALYSIS: US election, pork price to dictate Phase One success - Fastmarkets](https://feedsoft.ai/events/50638-analysis-us-election-pork-price-to-dictate-phase-one-success-fastmarkets.md) | +2.4% | +5.4% |

## Sources

- fastmarkets.com: https://www.fastmarkets.com/insights/soybean-price-commentary-futures-fall-on-us-tariffs-bearish-derived-and-external-markets/

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