# Soybean prices slowly recovering from early July plummet - Brownfield Ag News

> Soybean futures are recovering after a sharp early-July drop, with November contracts having fallen to near $8.25 before climbing back to $8.91 1/4 on July 30. DTN analyst Todd Hultman attributes the rebound to corrective buying after heavy bearish pressure from trade concerns and strong crop ratings, plus weather worries and expectations that China will return to the U.S. market in the September-February period.

- Date: 2018-07-30 · published 2018-07-30T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/64071-soybean-prices-slowly-recovering-from-early-july-plummet-brownfield-ag-news
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

A rebound from near-decade lows supports soybean and meal prices, but the outlook depends on whether China resumes purchases of U.S. beans during its seasonal buying window.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/news/soybean-prices-slowly-recovering-from-early-july-plummet/

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