# Soybean market looking for good news | An official publication of Michigan Farm Bureau

> Soybean futures fell last week on reports of a coronavirus outbreak rattling the Chinese economy and prospects of a large Brazilian crop. Chinese government containment efforts appear to have fallen short, raising questions about China's growth.

- Date: 2020-01-28 · published 2020-01-28T12:00:00.000Z
- Category: macro · region China · magnitude medium
- Page: https://feedsoft.ai/events/55165-soybean-market-looking-for-good-news-an-official-publication-of-michigan-farm
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Expected weaker Chinese demand and heavier South American supply point to lower soybean prices near term, and doubts about China meeting phase one purchase commitments add downside risk.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2024-08-21 | [Farmers look to Washington for inflation pressure relief - Marketplace](https://feedsoft.ai/events/28773-farmers-look-to-washington-for-inflation-pressure-relief-marketplace.md) | +1.1% | +5.9% |
| SOY | 2020-04-07 | [Coronavirus Sends Crop and Livestock Prices into a Tailspin \| Farm Bureau Intel Markets \| American Farm Bureau Federation](https://feedsoft.ai/events/5743-coronavirus-sends-crop-and-livestock-prices-into-a-tailspin-farm-bureau-intel.md) | -1.0% | -2.0% |
| SOY | 2020-03-01 | [Grains, like economy, trend lower on coronavirus concerns - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/12541-grains-like-economy-trend-lower-on-coronavirus-concerns-agweek-1-source-for.md) | -0.0% | -0.2% |
| SOY | 2019-04-24 | [An Explanation for Soybeans' Day-to-Day Swings](https://feedsoft.ai/events/59633-an-explanation-for-soybeans-day-to-day-swings.md) | -2.4% | -4.6% |
| SOY | 2022-07-15 | [Volatility in the markets again this week from WASDE report and inflationary pressures - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/4309-volatility-in-the-markets-again-this-week-from-wasde-report-and-inflationary.md) | -11.9% | +6.2% |
| SBM | 2024-06-28 | [Brazil's Campos Neto says a lack of confidence in handling of public accounts impacts market prices](https://feedsoft.ai/events/29987-brazil-s-campos-neto-says-a-lack-of-confidence-in-handling-of-public-accounts.md) | +5.3% | -2.8% |
| SBM | 2018-05-04 | [China not purchasing soybeans from the U.S. is not new](https://feedsoft.ai/events/65060-china-not-purchasing-soybeans-from-the-u-s-is-not-new.md) | -2.0% | -6.1% |
| SBM | 2022-05-09 | [Chinese Yuan Slips To An 18-Month Low - Asia Financial News](https://feedsoft.ai/events/8317-chinese-yuan-slips-to-an-18-month-low-asia-financial-news.md) | -4.2% | -2.8% |

## Sources

- michiganfarmnews.com: https://www.michiganfarmnews.com/soybean-market-looking-for-good-news

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