# Traders slash bearish soyabean bets as US crop deteriorates

> Agricultural traders have sharply cut their bearish bets on US soybeans in recent weeks as drought and cloud cover hit the crop during a critical period. The USDA estimated at the start of the week that soybean crop condition had deteriorated.

- Date: 2017-07-25 · published 2017-07-25T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/69985-traders-slash-bearish-soyabean-bets-as-us-crop-deteriorates
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Pod-setting over the next month is highly sensitive to moisture and sunlight, so a worsening crop supports soybean prices and reduces the risk of a large harvest-driven selloff.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2022-07-28 | [Soybeans jump over 1% to two-week high as US crop faces heat - Markets - Business Recorder](https://feedsoft.ai/events/8745-soybeans-jump-over-1-to-two-week-high-as-us-crop-faces-heat-markets-business.md) | -1.3% | -1.1% |
| SOY | 2023-06-20 | [Corn, soybean futures up on fears of Corn Belt drought \| Feed Strategy](https://feedsoft.ai/events/9768-corn-soybean-futures-up-on-fears-of-corn-belt-drought-feed-strategy.md) | +3.7% | +1.7% |
| SOY | 2023-08-29 | [Is there a corn or bean yield story post-US crop tour?](https://feedsoft.ai/events/13252-is-there-a-corn-or-bean-yield-story-post-us-crop-tour.md) | -3.3% | -6.6% |
| SOY | 2022-11-03 | [Global Soyabean Oil Prices Rise Amid Various Factors](https://feedsoft.ai/events/38750-global-soyabean-oil-prices-rise-amid-various-factors.md) | +1.4% | -0.7% |
| SOY | 2022-01-12 | [Brazil farmers struggle as drought batters southern soy crop](https://feedsoft.ai/events/13746-brazil-farmers-struggle-as-drought-batters-southern-soy-crop.md) | +1.1% | +15.8% |
| SBM | 2023-06-20 | [Corn, soybean futures up on fears of Corn Belt drought \| Feed Strategy](https://feedsoft.ai/events/9768-corn-soybean-futures-up-on-fears-of-corn-belt-drought-feed-strategy.md) | -0.9% | +5.9% |
| SBM | 2022-01-12 | [Brazil farmers struggle as drought batters southern soy crop](https://feedsoft.ai/events/13746-brazil-farmers-struggle-as-drought-batters-southern-soy-crop.md) | -7.2% | +6.3% |
| SBM | 2023-08-28 | [Soybeans at 1-month high, corn firm as hot, dry weather hits US crops - Markets - Business Recorder](https://feedsoft.ai/events/34585-soybeans-at-1-month-high-corn-firm-as-hot-dry-weather-hits-us-crops-markets.md) | -1.5% | -7.0% |

## Sources

- ft.com: https://www.ft.com/content/1938af32-7136-11e7-aca6-c6bd07df1a3c?syn-25a6b1a6=1

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