# Soybeans hold near 3-week high on Chinese demand - Markets - Business Recorder

> Chicago soybean futures held near a three-week high of about $8.57 a bushel on June 4. The USDA reported sales of 186,000 tonnes of US soybeans to unknown destinations, which analysts said likely meant China.

- Date: 2020-06-04 · published 2020-06-04T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/52677-soybeans-hold-near-3-week-high-on-chinese-demand-markets-business-recorder
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Continued Chinese demand signals support soybean prices, though the move was a small, routine price change.

## Read by commodity

- SOY: bullish ▲

## Sources

- brecorder.com: https://www.brecorder.com/news/1001475

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