# Soybean prices might've bottomed out - Brownfield Ag News

> University of Illinois economist Todd Hubbs believes soybean prices bottomed in early September when the November contract hit about $8.50. He sees limited upside, with prices capped near the high $8s unless yields are far above expectations, and advises growers to store beans and sell into trade or weather rallies.

- Date: 2019-09-18 · published 2019-09-18T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/57111-soybean-prices-might-ve-bottomed-out-brownfield-ag-news
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

A seen price floor with limited upside suggests soybean and meal prices may be range-bound through harvest, with South American dryness a possible support.

## Read by commodity

- SBM: neutral
- SOY: neutral

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/news/soybean-prices-mightve-bottomed-out/

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