# Soybean prices dominated by supply uncertainty - Agweek | #1 source for agriculture news, farming, markets

> November 2016 soybean futures peaked at $11.86 per bushel on June 13 and fell to $10.21 on July 8, then recovered to about $10.65. University of Illinois economist Darrel Good said U.S. crop prospects would now mostly drive direction.

- Date: 2016-07-11 · published 2016-07-11T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/7416-soybean-prices-dominated-by-supply-uncertainty-agweek-1-source-for-agriculture
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

With the U.S. crop outlook setting price direction, buyers should expect soybean and meal costs to track weather and yield expectations rather than demand.

## Read by commodity

- SOY: neutral

## Sources

- agweek.com: https://www.agweek.com/business/soybean-prices-dominated-by-supply-uncertainty

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