# Soy complex continues to post new record lows | Iowa Agribusiness Radio Network

> Soybeans set a new record short position and the soy complex fell further, with soymeal hitting a new contract low. A strategist attributed the drop to a reversal after optimism about a China trade deal faded, and to South American soymeal competitiveness.

- Date: 2019-05-02 · published 2019-05-02T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/59149-soy-complex-continues-to-post-new-record-lows-iowa-agribusiness-radio-network
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Soymeal is losing market share to South American supply and the trade deal optimism has faded, so the feed-relevant soymeal price outlook stays bearish.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼

## Sources

- iowaagribusinessradionetwork.com: https://iowaagribusinessradionetwork.com/soy-complex-continues-to-post-new-record-lows/

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