# Historic Drop: Soybeans' Vigorous $1 Fall Thursday Reaches New Record

> Soybean futures fell over $1 on Thursday, a record one-day drop for a deferred contract, after trading down 60 cents before noon. Forecasts for cooler, wetter Midwest weather, talk of China curbing speculation, Fed rate-hike signals, and possible EPA biofuel waivers drove the selloff.

- Date: 2021-06-17 · published 2021-06-17T12:00:00.000Z
- Category: market · region US · magnitude high
- Page: https://feedsoft.ai/events/5764-historic-drop-soybeans-vigorous-1-fall-thursday-reaches-new-record
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Lower soybean and soyoil prices reflect weather relief and biofuel policy uncertainty, which weigh on crush margins and feed meal values.

## Read by commodity

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

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SOY | 2021-06-16 | 5 | -11.8% | -5.5 | Record one-day soybean drop of over $1 on cooler, wetter Midwest forecasts, China curbing speculation, Fed signals and biofuel waiver talk directly explains the sharp weekly decline. |

## Sources

- thedailyscoop.com: https://www.thedailyscoop.com/news/retail-industry/historic-drop-soybeans-vigorous-1-fall-thursday-reaches-new-record

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