# Soybean market now focuses on weather, demand

> Soybean futures have traded in a narrow range, roughly where they were two months earlier. AgMarket.Net analyst Brian Splitt says the trade is now focused on weather and demand after the May WASDE, with USDA's new-crop balance sheet assuming 375 million bushels more export demand than the current marketing year.

- Date: 2020-05-16 · published 2020-05-16T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/53161-soybean-market-now-focuses-on-weather-demand
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Export demand assumptions drive ending stocks; if China buys aggressively from the US this fall, supply tightens and supports soybean and meal prices, while Brazil's price advantage limits the upside.

## Read by commodity

- SBM: neutral
- SOY: neutral

## Sources

- farmprogress.com: https://www.farmprogress.com/marketing/soybean-market-now-focuses-on-weather-demand

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