# Soybean futures near five-month low on global oversupply

> Soybean futures fell on Monday to near a five-month low reached Friday, with May contracts around $9.73 a bushel. The decline was attributed to global oversupply from strong South American harvests and expected larger U.S. output.

- Date: 2017-03-27 · published 2017-03-27T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/72031-soybean-futures-near-five-month-low-on-global-oversupply
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Strong South American supply and expectations of higher U.S. production weigh on soybean and meal values, favoring cheaper feed protein.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼

## Sources

- economies.com: https://www.economies.com/commodities/news/soybean-futures-near-five-month-low-on-global-oversupply-19317

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