# CBOT: CBOT soybeans sag on technical selling, S. American crop prospects - Times of India

> CBOT March soybean futures settled down 3-1/2 cents at $10.22-3/4 a bushel on February 22, falling to a three-week low. Soymeal fell for a fourth straight session, while soyoil ended higher on oil/meal spreading and strength in Malaysian palm oil. Traders cited technical selling and expectations of a large South American soy harvest.

- Date: 2017-02-21 · published 2017-02-21T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/72533-cbot-cbot-soybeans-sag-on-technical-selling-s-american-crop-prospects-times-of
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Expectations of a big South American crop raise export competition for US soybeans, pressuring soybean and soymeal prices. Soyoil's gain was driven by spreads and palm oil rather than a new supply shift.

## Read by commodity

- SBM: bearish ▼
- SBO: neutral
- SOY: bearish ▼
- PALMOIL: bearish ▼

## Sources

- timesofindia.indiatimes.com: https://timesofindia.indiatimes.com/business/international-business/cbot-soybeans-pressured-by-s-american-crop-prospects/articleshow/57281500.cms
- timesofindia.indiatimes.com: https://timesofindia.indiatimes.com/business/international-business/cbot-soybeans-sag-on-technical-selling-s-american-crop-prospects/articleshow/57301547.cms

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