# Soybean Futures Plummet on Possibility of Postponed Summit -- Daily Grain Highlights | MarketScreener

> Soybean futures for May fell 5.7% to $11.55 1/4 a bushel after Treasury Secretary Bessent said the planned Trump-Xi summit could be delayed. Corn and wheat also dropped about 2.7%.

- Date: 2026-03-16 · published 2026-03-16T12:00:00.000Z
- Category: trade · region US · magnitude high
- Page: https://feedsoft.ai/events/5797-soybean-futures-plummet-on-possibility-of-postponed-summit-daily-grain
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Delay of the summit undermines expected Chinese purchases of US soybeans, a factor that had lifted prices about 17% year to date, so the price outlook turns bearish.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2026-06-04 | [Soybean Futures Drop Amid Questions Around China Demand -- Daily Grain Highlights \| MarketScreener](https://feedsoft.ai/events/12561-soybean-futures-drop-amid-questions-around-china-demand-daily-grain-highlights.md) | -2.7% | -1.9% |
| SOY | 2026-10-28 | [Wheat Futures Extend Losses on Hopes for Russia-Ukraine Talks -- Daily Grain Highlights \| MarketScreener](https://feedsoft.ai/events/79-wheat-futures-extend-losses-on-hopes-for-russia-ukraine-talks-daily-grain.md) | -1.6% | — |
| SOY | 2026-05-14 | [CBOT soybeans fall on disappointment over US-China summit \| MarketScreener](https://feedsoft.ai/events/9299-cbot-soybeans-fall-on-disappointment-over-us-china-summit-marketscreener.md) | -1.3% | -8.2% |
| SOY | 2025-11-06 | [U.S. grains: Soybeans, wheat plummet from highs on limited Chinese demand - Grainews](https://feedsoft.ai/events/8211-u-s-grains-soybeans-wheat-plummet-from-highs-on-limited-chinese-demand-grainews.md) | +0.1% | -0.0% |
| SOY | 2026-06-08 | [Soybean price commentary: Futures fall on US tariffs, bearish derived and external markets - Fastmarkets](https://feedsoft.ai/events/5195-soybean-price-commentary-futures-fall-on-us-tariffs-bearish-derived-and.md) | -0.7% | +6.7% |
| CORN | 2026-06-04 | [Soybean Futures Drop Amid Questions Around China Demand -- Daily Grain Highlights \| MarketScreener](https://feedsoft.ai/events/12561-soybean-futures-drop-amid-questions-around-china-demand-daily-grain-highlights.md) | -2.5% | -4.5% |
| CORN | 2025-11-06 | [U.S. grains: Soybeans, wheat plummet from highs on limited Chinese demand - Grainews](https://feedsoft.ai/events/8211-u-s-grains-soybeans-wheat-plummet-from-highs-on-limited-chinese-demand-grainews.md) | +0.9% | +2.6% |
| CORN | 2025-09-28 | [Soy futures slightly up - Markets - Business Recorder](https://feedsoft.ai/events/22898-soy-futures-slightly-up-markets-business-recorder.md) | -1.8% | -1.5% |

## Sources

- marketscreener.com: http://www.marketscreener.com/news/soybean-futures-plummet-on-possibility-of-postponed-summit-daily-grain-highlights-ce7e5edad088f420

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