# Soybeans reach new decade low

> Soybean futures posted a fresh decade low, with November contracts trading near $8.80 after a high of $10.10. Commentary points to a possibly record U.S. crop, record Brazilian acreage, and a prolonged U.S.-China trade conflict.

- Date: 2018-09-19 · published 2018-09-19T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/63063-soybeans-reach-new-decade-low
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Expectations of a larger U.S. crop combined with weak basis and the loss of Chinese demand point to continued downward pressure on soybean prices, with sub-$8 levels discussed as possible.

## Read by commodity

- SBM: neutral
- SOY: bearish ▼

## Sources

- farmprogress.com: https://www.farmprogress.com/marketing/soybeans-reach-new-decade-low?ag_brand=cornandsoybeandigest.com

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