# Lights are dimming on soybean price recovery

> An analyst says soybean prices remain well below production cost and that the market may follow a U-shaped rather than V-shaped recovery. Bears cite a large US acreage glut and USDA's ending-stocks estimate of 580 million bushels, while rumours of Chinese buying offer some support.

- Date: 2018-07-18 · published 2018-07-18T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/5852-lights-are-dimming-on-soybean-price-recovery
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Large US stocks and damaged buyer sentiment point to sideways-to-lower soybean prices in the near term unless new export demand returns.

## Read by commodity

- SOY: bearish ▼

## Sources

- farmprogress.com: https://www.farmprogress.com/marketing/lights-are-dimming-on-soybean-price-recovery

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