# U.S. grains: Soybeans sink on plentiful stocks, trade tensions - Grainews

> U.S. soybean futures fell on Monday as ample U.S. supplies and rising trade tensions with China outweighed support from a lower-than-expected USDA planting forecast. Soymeal prices dropped sharply. May corn slipped after reaching a 2.5-week high.

- Date: 2018-04-02 · published 2018-04-02T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/65553-u-s-grains-soybeans-sink-on-plentiful-stocks-trade-tensions-grainews
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Large U.S. stocks and fears of losing Chinese demand weigh on soybean and soymeal prices, though a tighter acreage outlook limits the downside.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- CORN: neutral

## Sources

- grainews.ca: https://www.grainews.ca/daily/u-s-grains-soybeans-sink-on-plentiful-stocks-trade-tensions/

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