# Soybeans fall most in 3 months on profit-taking before USDA data - Jamestown Sun | News, weather, sports from Jamestown North Dakota

> U.S. soybean futures fell more than 2 percent on profit-taking after a three-day rally, with the decline tied to lower vegoil prices and rain forecasts for Argentina. Trade concern also rose after Donald Trump's nominee for EPA chief, Scott Pruitt, raised doubts about support for ethanol and biodiesel, and renewable fuel credits fell sharply. Brazil's crop agency estimated a record 102.45 million tonne soybean crop.

- Date: 2016-12-08 · published 2016-12-08T12:00:00.000Z
- Category: market · region US · magnitude medium
- Page: https://feedsoft.ai/events/73477-soybeans-fall-most-in-3-months-on-profit-taking-before-usda-data-jamestown-sun
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Lower soyoil prices and expected South American supply weigh on soybean and meal values, while doubts over biofuel policy add downside risk to vegoil demand.

## Read by commodity

- SBO: bearish ▼
- SOY: bearish ▼

## Sources

- jamestownsun.com: https://www.jamestownsun.com/news/soybeans-fall-most-in-3-months-on-profit-taking-before-usda-data

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