# Soybeans close Wednesday session with losses - first

> Soybeans closed lower on July 10 with contracts down 13 to 21 cents, and soymeal fell 90 cents to $6.10 per ton. USDA reported a private sale of 132,000 metric tons of new-crop soybeans to China, the first 2024/25 sale to that country.

- Date: 2024-07-11 · published 2024-07-11T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/5656-soybeans-close-wednesday-session-with-losses-first
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

A first new-crop China purchase is supportive for export demand, but it was not enough to offset broader bearish pressure on soybeans and meal.

## Read by commodity

- SBM: bearish ▼
- SOY: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SBM | 2024-07-15 | 5 | -7.8% | -2.9 | Soymeal fell up to $6.10/ton on July 10 with soybeans lower, contributing to the weekly decline despite a supportive new-crop China sale. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2018-07-27 | [Soybean Futures Close Higher on Signs of Demand](https://feedsoft.ai/events/64076-soybean-futures-close-higher-on-signs-of-demand.md) | +2.5% | -2.2% |
| SOY | 2026-10-23 | [Soybeans Finally Bounce, Corn Fails But are the Lows Close? Cattle Correct](https://feedsoft.ai/events/17152-soybeans-finally-bounce-corn-fails-but-are-the-lows-close-cattle-correct.md) | -2.9% | — |
| SOY | 2020-10-14 | [Soybeans rise on Chinese buying, dry Brazil weather \| Financial Post](https://feedsoft.ai/events/11786-soybeans-rise-on-chinese-buying-dry-brazil-weather-financial-post.md) | +1.9% | +9.0% |
| SOY | 2026-08-28 | [Soybeans](https://feedsoft.ai/events/17961-soybeans.md) | +4.0% | +5.0% |
| SOY | 2025-01-21 | [Soybeans Up 15¢. Tuesday, Jan. 21, 2025](https://feedsoft.ai/events/9938-soybeans-up-15-tuesday-jan-21-2025.md) | +1.1% | +0.4% |
| SBM | 2018-06-13 | [U.S. grains: CBOT wheat, soybeans post sharp losses - AgCanada](https://feedsoft.ai/events/8249-u-s-grains-cbot-wheat-soybeans-post-sharp-losses-agcanada.md) | -5.4% | -5.8% |
| SBM | 2025-07-31 | [Oilseeds: heavy losses for soybeans and worries about](https://feedsoft.ai/events/23826-oilseeds-heavy-losses-for-soybeans-and-worries-about.md) | +2.6% | +11.0% |
| SBM | 2019-01-17 | [Soybean Closed Lower Amid Declining Chinese Demand](https://feedsoft.ai/events/61193-soybean-closed-lower-amid-declining-chinese-demand.md) | +0.7% | -1.5% |

## Sources

- zmp.de: https://www.zmp.de/en/futures/oilseeds/news/newsticker-soybeans-close-wednesday-session-losses-first-exports-china-202425

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