# Soy complex sees little reason to strengthen | 2020-04-21  | World Grain

> Soybean futures in April fell into a narrow range after a mid-March bounce from contract lows, remaining about $1.30 a bushel below January highs. Analysts said ample US and world supplies and coronavirus concerns kept pressure on the market, and China's purchases of US soybeans have been smaller than expected.

- Date: 2020-04-21 · published 2020-04-21T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/53670-soy-complex-sees-little-reason-to-strengthen-2020-04-21-world-grain
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Weak Chinese buying of US beans keeps soybean and meal prices pressured, while Brazilian supply continues to meet Chinese demand.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼

## Sources

- world-grain.com: https://www.world-grain.com/articles/13580-soy-complex-sees-little-reason-to-strengthen

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