# Futures File: Soybeans hit 8-month high; natural gas stores up 50 percent – Greeley Tribune

> Soybeans soared to an eight-month high on hopes for stronger U.S. soybean exports in coming months and concerns about South American weather and political turmoil. The most recent price of $9.55 a bushel was the highest for last year's crop since harvest, prompting heavy farmer selling to cover planting costs. U.S. interest rates remain near 0.5 percent with the Federal Reserve still projecting rate increases this year.

- Date: 2016-04-16 · published 2016-04-16T12:00:00.000Z
- Category: market · region US · magnitude medium
- Page: https://feedsoft.ai/events/7721-futures-file-soybeans-hit-8-month-high-natural-gas-stores-up-50-percent-greeley
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Expected export demand and South American weather concerns support soybean prices, while heavy farmer selling may cap near-term gains. Feed buyers should watch export demand and farmer marketing pace.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Sources

- greeleytribune.com: https://www.greeleytribune.com/2016/04/16/futures-file-soybeans-hit-8-month-high-natural-gas-stores-up-50-percent/

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