# CBOT soybeans slip after better-than-expected US crop rating - Markets - Business Recorder

> CBOT July soybeans closed 1.5 cents lower at $8.63-1/4 per bushel on June 9 after a better-than-expected USDA crop rating of 72% good to excellent. July soymeal fell $1.30 to $287.10 per short ton while soyoil rose 0.13 cent to 28.23 cents per pound, with traders awaiting confirmation of new Chinese purchases.

- Date: 2020-06-09 · published 2020-06-09T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/52701-cbot-soybeans-slip-after-better-than-expected-us-crop-rating-markets-business
- 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

Improving US crop ratings reduce weather risk premium and pressure soybean and meal futures, while unconfirmed Chinese buying limits downside. Soyoil gained slightly on routine trading.

## Read by commodity

- SBM: bearish ▼
- SBO: bullish ▲
- SOY: bearish ▼

## Sources

- brecorder.com: https://www.brecorder.com/news/1002854

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