# Soybeans Feel Heavy Pressure on Monday

> Soybean futures fell 18 to 27 cents on July 15 as contracts closed lower, with soymeal down $5 to $7 per ton and soy oil down 23 to 111 points. Crop progress showed 68% good/excellent ratings, slightly below the 69% expected, and NOPA June crush came in below estimates.

- Date: 2024-07-15 · published 2024-07-15T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/5658-soybeans-feel-heavy-pressure-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

Slightly weaker crop ratings were not enough to offset soft crush and export data, keeping soybean and meal prices under pressure.

## Read by commodity

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

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SBM | 2024-07-15 | 5 | -7.8% | -2.9 | On July 15 soybean futures fell 18-27 cents and soymeal dropped $5-7/ton on a weak NOPA crush and slightly lower crop ratings, which directly drove the final day of the 5-day decline. |
| SOY | 2024-07-14 | 1 | -5.0% | -5.0 | Soybean futures fell 18-27 cents on July 15 with soymeal and soyoil lower, crop ratings and weaker-than-expected NOPA crush adding pressure. |
| SBM | 2024-07-14 | 1 | -7.5% | -6.3 | Soymeal fell $5-7/ton on July 15 as soybeans dropped and NOPA crush missed estimates, directly describing the downward move. |
| SOY | 2024-07-14 | 5 | -7.2% | -3.3 | Soybeans fell 18-27 cents on July 15 with weaker meal and oil and a NOPA crush below estimates. |

## Sources

- barchart.com: https://www.barchart.com/story/news/27406680/soybeans-feel-heavy-pressure-on-monday

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