# Soybeans Collapsing on Monday

> Front-month soybean futures fell 22 to 24 cents on July 15, with soymeal down $5.60 per ton and soy oil posting losses. Managed money held a record CFTC net short of 172,605 contracts, and NOPA reported June crush of 175.6 million bushels, below trade estimates.

- Date: 2024-07-15 · published 2024-07-15T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/5655-soybeans-collapsing-on-monday
- 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

A record fund short and a below-expectation crush figure reinforce bearish soybean and meal pricing, though a short base can invite sharp rebounds.

## Read by commodity

- SBM: bearish ▼
- SBO: bearish ▼
- SOY: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SOY | 2024-07-14 | 1 | -5.0% | -5.0 | Front-month soybeans fell 22-24 cents on July 15 as record fund net short, bearish NOPA crush miss and technical selling drove the one-day drop. |
| SBM | 2024-07-15 | 5 | -7.8% | -2.9 | Same-day collapse in soybeans with soymeal down $5.60 and a below-estimate NOPA crush alongside a record fund net short signals weak meal demand and heavy speculative selling pressure. |
| SBM | 2024-07-14 | 1 | -7.5% | -6.3 | July 15 soybean selloff with soymeal down about $5.60/ton and record fund net short shows heavy speculative selling pressure on meal. |
| SOY | 2024-07-14 | 5 | -7.2% | -3.3 | Further July 15 declines with record managed money short positioning and NOPA crush below estimates reinforced selling pressure. |

## Sources

- barchart.com: https://www.barchart.com/story/news/27397248/soybeans-collapsing-on-monday

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