# Do Surging Soybeans Signal A Sea Change In Commodities? (NYSEARCA:SOYB) | Seeking Alpha

> Soybean futures rallied in August 2020 after a USDA world supply and demand report that was expected to be bearish. Soybeans closed above their March level of $9.125 per bushel on August 17, which the author reads as a turn in sentiment.

- Date: 2020-08-25 · published 2020-08-25T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/9349-do-surging-soybeans-signal-a-sea-change-in-commodities-nysearca-soyb-seeking
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A rally despite higher US stock estimates suggests the market has already priced in the bearish news, which supports soybean and meal values. The move is sentiment-driven rather than a new supply shock.

## Read by commodity

- SOY: bullish ▲

## Sources

- seekingalpha.com: https://seekingalpha.com/article/4370553-surging-soybeans-signal-sea-change-in-commodities

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