# Prices for soybeans continue to decline

> Chicago soybean futures fell 3% to about $357/t on June 7, the lowest in several months, amid uncertainty over US tariff lists and strong US crop conditions. Chinese officials said they would honor purchase commitments, and Brazilian soybean exports rose after the real depreciated sharply.

- Date: 2018-06-08 · published 2018-06-08T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/64603-prices-for-soybeans-continue-to-decline
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Expanding Brazilian export supply and weak vegetable oil prices push soybean and oilseed values lower, while uncertainty over Chinese purchases keeps buyers cautious.

## Read by commodity

- SBO: bearish ▼
- SOY: bearish ▼
- PALMOIL: bearish ▼

## Sources

- graintrade.com.ua: https://graintrade.com.ua/en/novosti/tcini-na-soyu-prodovzhuyut-znizhuvatisya.html

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