# Soybean futures plumb five-month low as U.S. farmland expected to expand

> Soybean futures fell for a seventh straight session to a five-month low on Thursday, with May contracts near $9.65 a bushel. Traders cited expected record U.S. acreage, higher Argentine yield forecasts, and weaker Chinese demand.

- Date: 2017-03-30 · published 2017-03-30T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/72030-soybean-futures-plumb-five-month-low-as-u-s-farmland-expected-to-expand
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Expanding supply from the US and Argentina against softer demand keeps downward pressure on soybean and soymeal prices for feed buyers.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼

## Sources

- economies.com: https://www.economies.com/commodities/news/soybean-futures-plumb-five-month-low-as-u.s.-farmland-expected-to-expand-19348

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