# Futures File: Milk market frothy; buyers want soybeans; U.S. dollar tumbles – Greeley Tribune

> US milk futures neared a nine-month high near 17 cents per pound while global dairy prices fell to an eight-month low. Soybean prices neared $10 per bushel on hopes of stronger Chinese hog-feed demand and concerns about dry weather in Argentina's planting season.

- Date: 2017-11-24 · published 2017-11-24T12:00:00.000Z
- Category: weather · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/9915-futures-file-milk-market-frothy-buyers-want-soybeans-u-s-dollar-tumbles-greeley
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Lower global dairy prices may pressure US milk prices as cheaper imports compete, while firm soybean prices reflect demand from China and weather risk in Argentina that raise feed costs.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- MILK: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2025-01-04 | [Mild Winter Boosts US Milk Production Amid Market Fluctuations \| The Bullvine](https://feedsoft.ai/events/6083-mild-winter-boosts-us-milk-production-amid-market-fluctuations-the-bullvine.md) | -1.3% | -0.4% |
| MILK | 2021-08-31 | [Rising production costs will keep dairy farm margins tight](https://feedsoft.ai/events/45574-rising-production-costs-will-keep-dairy-farm-margins-tight.md) | +4.8% | +3.5% |
| MILK | 2017-03-20 | [Winter weather, lackluster cheese demand affecting dairy prices \| Dairy \| leadertelegram.com](https://feedsoft.ai/events/72008-winter-weather-lackluster-cheese-demand-affecting-dairy-prices-dairy.md) | +0.6% | -3.1% |
| MILK | 2022-07-06 | [Ag Alert](https://feedsoft.ai/events/8552-ag-alert.md) | +2.5% | +1.9% |
| SOY | 2016-06-03 | [Futures File: Soaring prices prove pigs can fly; weather worries push grain prices higher – Greeley Tribune](https://feedsoft.ai/events/5266-futures-file-soaring-prices-prove-pigs-can-fly-weather-worries-push-grain.md) | +2.8% | +2.7% |
| SOY | 2018-03-01 | [U.S. grains: Wheat, soybean futures rally - Manitoba Co-operator](https://feedsoft.ai/events/12431-u-s-grains-wheat-soybean-futures-rally-manitoba-co-operator.md) | +1.0% | -2.6% |
| SOY | 2017-11-17 | [Grain, Soybean Futures Rise; Traders Watch Argentina Weather \| Fox Business](https://feedsoft.ai/events/5282-grain-soybean-futures-rise-traders-watch-argentina-weather-fox-business.md) | +2.2% | -0.5% |
| SOY | 2024-09-28 | [Soy futures soar on US weather woes - Markets - Business Recorder](https://feedsoft.ai/events/28337-soy-futures-soar-on-us-weather-woes-markets-business-recorder.md) | -2.6% | -7.3% |

## Sources

- greeleytribune.com: https://www.greeleytribune.com/2017/11/24/futures-file-milk-market-frothy-buyers-want-soybeans-u-s-dollar-tumbles/

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