# CBOT soybeans end lower in setback from gains last week - Markets - Business Recorder

> CBOT July soybeans closed 4.5 cents lower at $8.64-3/4 per bushel on June 8 as traders unwound long soybean and short corn positions after gains driven by Chinese demand. July soymeal fell 70 cents to $288.40 per short ton and soyoil dipped to 28.10 cents per pound, with no new confirmation of Chinese soybean sales.

- Date: 2020-06-08 · published 2020-06-08T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/52702-cbot-soybeans-end-lower-in-setback-from-gains-last-week-markets-business
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [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

Profit-taking after a rally tied to China hopes leaves soybean complex prices vulnerable until new export sales are confirmed. The move mainly reflects spread unwinding rather than a new supply change.

## Read by commodity

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

## Sources

- brecorder.com: https://www.brecorder.com/news/1002584

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